OpenAI is reportedly in preliminary discussions to secure a new round of funding with a valuation reaching or surpassing $100 billion, according to Bloomberg News. However, the terms, valuation, and exact timing of this funding round are yet to be finalized and might undergo changes.
Alongside seeking additional funding, OpenAI has been in talks regarding a new chip venture with G42, based in Abu Dhabi. The company has discussed potential funding of around $8 billion to $10 billion from G42. It remains uncertain whether this chip venture and the broader company funding are interconnected.
In late November, OpenAI CEO Sam Altman was abruptly removed without a detailed explanation, causing concern among investors and staff. However, Altman was reinstated four days later, with assurances of a new board, and Microsoft is expected to hold a non-voting observer position on the company’s board.