OpenAI's valuation may reach $830 billion following new funding round - WSJ
Funding Goals: OpenAI is seeking to raise up to $100 billion in a new funding round, potentially valuing the company at $830 billion, a significant increase from its last valuation of $500 billion.
Investor Sentiment: The fundraising effort comes amid cooling investor enthusiasm for AI spending, and it remains uncertain if there will be enough demand to meet the ambitious target.
Growth Plans: The capital raised will support OpenAI's growth initiatives, as the company anticipates burning over $200 billion in cash through 2030 to maintain competitiveness in the AI market.
IPO Consideration: CEO Sam Altman has attracted a diverse group of investors and is reportedly considering an initial public offering (IPO) as part of the company's future strategy.
About the author









