OpenAI reportedly plans to raise up to $100 billion at an $830 billion valuation to support its ambitious growth plans.

December 19 (Cailian Press) – Amidst a recent cooling of the artificial intelligence hype, OpenAI is planning to raise funds to support its ambitious growth plans, aiming for a staggering $100 billion. According to sources familiar with the matter, if this early-stage funding round is fully completed, the company's valuation could reach as high as $830 billion. The startup plans to complete this round as early as the end of the first quarter. However, the terms of the deal are still subject to change, and it remains unclear whether there will be sufficient investor demand to achieve this goal. Sources indicate that given the large size of this funding round, OpenAI expects to attract sovereign wealth funds to participate in the investment. Previously, the company received funding from MGX, headquartered in the UAE. (Source: Cailian Press)