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OpenAI Plans Major Investment Round

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by Giorgi Kostiuk

a year ago

  1. Current Investment Situation
  2. Company Valuation Growth
  3. Impact on Crypto Market


    4. OpenAI, the artificial intelligence developer, is in talks to secure large-scale investments that could raise its value to over $100 billion. This process involves companies like Thrive Capital and Microsoft.

    Current Investment Situation

    According to the Wall Street Journal, OpenAI is in discussions to secure billions in new funding. Thrive Capital is expected to lead this investment round, and major technology firms, including Microsoft, are anticipated to participate.

    Company Valuation Growth

    Last year, OpenAI was valued at $86 billion, up from $29 billion the year before. This growth is a result of the company's success and the popularity of its products. If the new funding round is successful, it would be the largest since Microsoft's $10 billion investment in January 2023. Some shareholders are negotiating to sell their shares, which could raise the company’s valuation to over $103 billion.

    Impact on Crypto Market

    News about OpenAI is also affecting the cryptocurrency market. Earlier this year, AI-related tokens saw a significant boost after the SEC approved a spot Bitcoin ETF. Despite the recent cooldown in the market, investors remain hopeful for future growth, partly due to Nvidia's strong earnings report.

    Investment talks could strengthen OpenAI’s market position and contribute to its further growth, potentially impacting related markets, including cryptocurrencies.

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