OpenAI reportedly finalizing $100B deal at more than $850B valuation
TL;DR
OpenAI is reportedly finalizing a $100 billion funding round with closing expected imminently.
Key Points
- Participating investors include Amazon, Nvidia, SoftBank, and Microsoft.
- The deal would value the ChatGPT-maker at over $850 billion, among the highest private company valuations on record.
- Funds are expected to go toward compute infrastructure, model development, and corporate restructuring.
Nauti's Take
850 billion for a company still chasing profitability – the market isn't betting on today's OpenAI, but on a future where ChatGPT is infrastructure. Those who sit this out will pay double at the next round.
The gold rush runs on its own logic.
Sources