The post OpenAI Valuation Reaches $90 Billion in 2023 appeared on BitcoinEthereumNews.com.

According to recent reports, Open AI, the artificial intelligence startup behind the massively popular ChatGPT, is in talks with investors about a share sale that would value the company between $80 billion and $90 billion.  In late September, The Wall Street Journal wrote that the share sale deal would likely not include issuing of new shares but would instead allow existing holders to sell their existing shares. In addition, the WSJ wrote that the company is informing investors that it expects to generate $1 billion in revenue in 2023 and “many billions more” in 2024. Key takeaways about OpenAI’s valuation: Per a September report by the WSJ, OpenAI is in talks with investors about raising new capital at a valuation of between $80 billion and $90 billion According to publicly available information, OpenAI has raised over $11.3 billion through 10 funding rounds between 2016 and 2023 The leading investor in OpenAI is software giant Microsoft, which spent $11 billion for a 49% share of the company OpenAI is expected to earn $1 billion in revenue in 2023 and “several billion more” in 2024 OpenAI is an AI startup behind the massively popular AI chatbot called ChatGPT What is the value of OpenAI? OpenAI is reportedly seeking to share existing shares at prices that would value the company between $80 billion and $90 billion.  The current money-raising round is the 11th funding round in the startup’s history. So far, OpenAI has raised a whopping $11.3 billion from prominent individual investors like Elon Musk and tech giants like Microsoft (MSFT), per Crunchbase. Here’s the complete overview of OpenAI’s past funding rounds: Date Type Money Raised Lead Investor Aug 14, 2023 Secondary Market / / Apr 28, 2023 Venture Round $300 million / Jan 23, 2023 Corporate Round $10 billion Microsoft Nov 28,…

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Filed under: News - @ October 18, 2023 4:20 pm