OpenAI targets $6.5 billion in funding to raise its market valuation to $150 billion
San Francisco-based OpenAI is currently in talks to raise about $6.5 billion in funding, potentially boosting its market valuation to nearly $150 billion. That significant increase would position OpenAI as one of the most valuable private entities globally, second only to ByteDance, the developer behind TikTok. The ambitious financial goal represents a substantial jump from the company’s $80 billion valuation just nine months earlier. If successful, OpenAI would significantly surpass its previous goals, including a recent offering to raise $1 billion at a $100 billion valuation. The need for substantial investment stems from OpenAI's intensive use of computational resources, which…
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