OpenAI will close a $6.5 billion investment round at the end of next week, The Wall Street Journal reported. If the deal is completed, the AI startup’s valuation will reach $150 billion.
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In its report, the newspaper also confirmed OpenAI’s plans to transform its corporate structure. Next year, the startup will try to move away from the scheme in which the nonprofit arm controls the for-profit arm.
Bloomberg previously reported that investor demand for the OpenAI round exceeded supply by “billions of dollars.” The round will definitely include OpenAI’s current strategic investors represented by NVidia, Microsoft and Apple, the agency emphasized.
According to the publication, if OpenAI closes a $6.5 billion round, the valuation of its business will increase to $150 billion, placing the startup in third place in the world among non-public companies; the first place is occupied by ByteDance (TikTok developer, 268 billion dollars), and SpaceX is in second place (180 billion dollars).
In September, Mira Murati, the company’s technical director and developer of the ChatGPT chatbot, announced her departure from OpenAI. He left the company after six and a half years to “free up time and space for his own research.”
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
