OpenAI Seeks Investment with a Valuation of $750 Billion, According to Reports

OpenAI, recognized as a leader in the AI revolution, is currently in discussions with investors to secure tens of billions of dollars at a valuation of $750 billion, as reported by The Information.

The report states that these discussions are still in the initial phase, and details could change. A request for comment from various media outlets went unanswered by OpenAI.

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In recent years, OpenAI has generated billions with increasing valuations, including talks for a $10 billion investment from Amazon.com Inc.

The company is recognized as the leading brand in the demanding sector of artificial intelligence, although it has yet to reach profitability. Its goal is to invest significantly in infrastructure to enable technological progress.

This development follows reports indicating that Amazon.com Inc. is in negotiations to invest in OpenAI, the creator of ChatGPT, with a possible deal elevating the AI company’s value to over $500 billion, according to a source familiar with the situation.

The potential agreement arises during a period when OpenAI is preparing for an initial public offering that could value the company at up to $1 trillion, as reported by Reuters in October.

(With Inputs from Reuters and Bloomberg)