OpenAI is in talks with investors about a funding round valued at $100 billion.

The company also plans to attract funds from a UAE-based fund for the production of its own chips.

According to sources familiar with the situation, the developer of the ChatGPT system expects to achieve a market valuation of $100 billion or more. However, negotiations are in the early stages and may proceed under different terms later, they add.

Currently, OpenAI's market value is estimated at $29 billion. The company closed its previous investment round in April of this year, raising over $300 million by selling a stake to a group of venture funds including Tiger Global, Sequoia Capital, Founders Fund, and K2 Global.

In late September, it became known that OpenAI was discussing with investors the sale of a new batch of shares worth several hundred million dollars at an overall valuation of $80–90 billion. At the same time, the company intends to maintain Microsoft's stake—its main partner—at 49%.

Source: bloomberg.com