Sam Altman-led OpenAI Aims For $100B Valuation In New Funding Talks
Portfolio Pulse from Rounak Jain
OpenAI, led by Sam Altman, is in early talks to raise funds at a valuation of at least $100 billion, a significant increase from its previous $90 billion valuation. Microsoft Corp. (NASDAQ:MSFT), a major investor with a 49% stake, has invested $13 billion in OpenAI. The AI startup's valuation has more than tripled in less than a year, potentially making it the second most valuable startup in the U.S. OpenAI is also allowing employees to sell shares at an $86 billion valuation and is seeking funds for a chip venture to compete with Nvidia Corp. (NASDAQ:NVDA). The interest in OpenAI has surged following the success of ChatGPT, with tech giants like Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc. (NASDAQ:META) developing their own AI technologies.
December 23, 2023 | 2:06 am
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POSITIVE IMPACT
Microsoft Corp. has a significant stake in OpenAI, which is seeking a valuation of at least $100 billion in new funding talks.
Microsoft's substantial investment and stake in OpenAI suggest a direct impact on its financial interests, especially if OpenAI's valuation increases as anticipated.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Alphabet Inc.'s Google is developing its own AI technologies, indicating competition in the AI space as OpenAI's valuation grows.
While Google is a competitor in the AI space, the direct short-term impact of OpenAI's funding talks on Google's stock is likely to be neutral.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Alphabet Inc.'s Google is developing its own AI technologies, indicating competition in the AI space as OpenAI's valuation grows.
While Google is a competitor in the AI space, the direct short-term impact of OpenAI's funding talks on Google's stock is likely to be neutral.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Meta Platforms Inc. is also developing AI technologies, which could be impacted by OpenAI's increasing valuation and advancements in AI.
Meta is another player in the AI field, but OpenAI's current funding talks are not expected to have a direct short-term impact on Meta's stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
OpenAI is looking to raise funds for a chip venture that could compete with Nvidia Corp., the current market leader in AI chips.
OpenAI's entry into the AI chip market could introduce new competition for Nvidia, potentially affecting Nvidia's market dominance and investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70