OpenAI Aims for Funding, Valuation Surpassing $100 Billion! Aspires to Become the Second Largest Startup in the US, Second Only to SpaceX

AI chatbot developer OpenAI is reportedly seeking a new round of financing with a valuation of over $100 billion. If successful, OpenAI would become the second-largest startup in the United States, second only to Elon Musk’s SpaceX, which has a valuation of $150 billion. The details of the financing, including terms, valuation, and timeline, have yet to be finalized and may change. According to CBInsights, if the financing proceeds as planned, OpenAI would become the second-largest startup in the US. In addition to seeking financing, OpenAI CEO Sam Altman is also looking for funding for the “Tigris” chip manufacturing project, which aims to produce AI chips to compete with NVIDIA and reduce the cost of operating AI businesses. OpenAI is also reportedly in discussions with AI holding company G42 to raise $8-10 billion for a joint chip company, although it is unclear if this chip business is related to OpenAI’s broader financing activities. G42 announced a collaboration with OpenAI in October to provide advanced AI solutions to the UAE and Middle East markets, but financial details were not disclosed.