OpenAI Is Planning A New Funding Round (Primary) In The New Year At A Valuation Above $100B. It Would Immediately Follow The Tender That's Due To Close Early Jan Valuing Startup At $86B. OpenAI Also Talking With G42 To Invest In The Ai Chip Project Tigris
Portfolio Pulse from Benzinga Newsdesk
OpenAI is reportedly planning a new primary funding round in the new year with a valuation above $100 billion, following a tender closing early January valuing the startup at $86 billion. Additionally, OpenAI is in discussions with G42 to invest in the AI chip project Tigris.
December 22, 2023 | 9:21 pm
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Microsoft, a key investor in OpenAI, may see increased investor interest due to OpenAI's new funding round and its ongoing AI chip project Tigris.
As a major investor in OpenAI, Microsoft stands to benefit from the increased valuation and potential growth opportunities presented by OpenAI's new funding round and AI chip project. The news of a higher valuation and new investment opportunities could generate positive sentiment among investors, potentially leading to a short-term increase in Microsoft's stock price.
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