OpenAI aims for a massive $100 billion valuation

December 28, 2023 by
Frank Calviño

OpenAI, the ChatGPT creator, wants to achieve a valuation of $100 billion during its next investment round in 2024. 

Currently, the company is still in preliminary talks, with no information yet on terms, final value and/or timing. If this amount is achieved, the company led by Sam Altman would become the second most valuable startup in the United States, behind Elon Musk's SpaceX.

On the other hand, OpenAI is about to complete an IPO in early January. This would allow its employees to sell their shares, valued at $86 billion (78,006 million euros). This deal is led by Thrive Capital, which is receiving greater demand from investors than availability.

OpenAI is currently an extremely desirable company, and there is no doubt about it. This 2023 has been a reflection of the bet on artificial intelligence and how the launch of ChatGPT has proved to be a real revolution in this field. 

So far, Microsoft has allocated 11,791 million euros to the project. For this reason, giants such as Amazon or Alphabet are looking for a competitor to match.

ChatGPT isn’t OpenAI only profitable technology 

ChatGPT and GPT-4 have garnered much attention, but OpenAI has other text-related products. GPT-3, the previous flagship LLM, is a general text completion model: start a sentence and watch GPT-3 finish it for you. 

It sounds simple, but GPT-3 produces much more advanced text than any previous LLM. In addition, it can be tailored to specific examples, which is impossible with ChatGPT and GPT-4.

OpenAI is also working alongside G42 with the goal of raising funds for a new chip company. It is not yet clear whether the funding for the two projects is related, but for now, OpenAI expects to raise between $8 billion and $10 billion (€7.256 - €9.07 billion) from G42.

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