OpenAI is reportedly trying to raise $100B at a valuation of $830B

OpenAI is in talks to raise $100 billion in funding that could bring ChatGPT developers up to $830 billion, the Wall Street Journal reported. report Thursdayciting unknown sources.

The company plans to raise the funds by the end of the calendar quarter next year, and may seek independent financing to fund the investment, the WSJ reported. Information first report News of the deal, though it said the investment would make OpenAI worth $750 billion.

That money comes in the form of OpenAI they are willing to spend billions of dollars and to beat sales around the world as the company tries to stay ahead of the competition in developing AI technology. Investing can also help the company to spend on management, which seems to be the case get paid more than cloud feeswhich shows that the company’s estimated income has increased more than what relationships and credits can provide.

And, as the competition increases from competitors like Anthropic and GoogleOpenAI should step on the gas to release new models and expand its presence in natural products and materials.

Meanwhile, more ideas surrounding AI it has faded recently as investors begin to question whether the credit rush driven by giants like Amazon, Microsoft, Oracle, and OpenAI itself can be sustained over time. It also does not help to make chips forced and the shortage of memory chips, which threatens to affect a large part of technology.

OpenAI has also been reported to be working on IPO as a way to earn tens of billions and support his development projects, which are said to be making annual operating costs of $20 billion. There are also rumors that the company Amazon sales for a $10 billion investment that will also give the AI ​​lab access to new AI technology chips.

If the investment happens, it could add more money to the coffers of OpenAI, which currently has more than $64 billion, according to PitchBook data. The company was valued at about $500 billion in second job.

OpenAI did not immediately return a request for comment.