2024-09-12 01:54:39
OpenAI’s valuation rises. The pioneering company in artificial intelligence is finalizing a financing round in which it would reach a value of 150,000 million dollars (about 136,000 million euros), as Bloomberg announced this Wednesday, warning that negotiations are underway and that the conditions could change. In the operation, the firm led by Sam Altman aims to raise approximately $6.5 billion to finance its development. At the same time, too, according to Bloomberg, OpenAI is negotiating with banks for a revolving line of credit worth $5 billion.
With that valuation, OpenAI reaffirms itself as one of the most valuable unlisted startups in the world, only behind ByteDance (the TikTok publishing company), which is worth more than $250 billion, and SpaceX, the rocket company and a rocket founded by Elon Musk, worth about 200,000 million. Since the companies are not listed, these are references that come from theoretical valuations or prices set in financing rounds and share sales, but there is no market that shows fluctuations in their value depending on the economic situation, the results of the companies and other factors. .
A few months ago, OpenAI closed an operation in which employees could sell some of their shares and valued the company at $86 billion. When this new round of funding was launched, The Wall Street Journal He announced a few weeks ago that it would exceed $100 billion, but due to the strength of the demand and the expectations of the company it is possible to exceed that bar by far.
Venture capital firm Thrive Capital, which already starred in the previous operation, will lead the new funding round. It will be the largest influx of funds into the company since Microsoft injected 10 billion through an agreement announced in early 2023. The technology company led by Satya Nadella is also expected to invest in the new round. The New York newspaper also expects that Nvidia, the supplier of microprocessors used by the company for its computing tasks, and Apple, which recently signed an alliance with the company, is also considering participating in what would be their entry into the capital with their elite.
OpenAI revolutionized artificial intelligence generation with the launch of ChatGPT. Subsequently, he has developed new tools and markets technological solutions with them for large companies, with Microsoft as a preferred ally. The company, which relies on a non-profit organization, has overcome the crisis caused by the dismissal and reassignment of its co-founder and chief executive, Sam Altman.
The funds raised in the operation will be used to invest in microprocessors and to cover other costs in his race for general artificial intelligence, which would surpass human intelligence. OpenAI competes with big tech companies and other startups, such as xAI or Anthropic.
Many of them are raising money to finance their development. The firm xAI, created by Elon Musk – who co-founded OpenAI, but later left the firm – raised $6 billion in May through a round of funding, as announced by the company itself. The operation gave the company a value of 24,000 million dollars, including the money collected. Safe Superintelligence (SSI), the start-up of Ilya Sutskever, another of OpenAI’s co-founders, hit $1 billion this month at a $5 billion valuation.
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