OpenAI looks for funding with a $750 billion valuation, claims report

OpenAI, the company that has become the face of the AI revolution, is engaged in funding negotiations with investors to raise tens of billions of dollars at a valuation of $750 billion, according to a report by

The Information.

According to the website, the talks were still in their early stages, and the specifics might alter. A request for comment by various publications was not immediately answered by OpenAI.

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Recent years have seen OpenAI earn billions at ever-higher valuations, including negotiations for a $10 billion investment with Amazon.com Inc.

The startup is currently the most well-known brand in the resource-intensive field of artificial intelligence, but it is not yet profitable. It intends to invest trillions in infrastructure to facilitate technological advancement.

This comes after reports suggested that Amazon.com Inc. is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.

The potential deal comes at a time when OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, Reuters reported in October.

(With Inputs from Reuters and Bloomberg)