OpenAI backer Microsoft can be anticipated to place in cash.
OpenAI, the startup behind the favored ChatGPT, is reportedly in discussions to lift billions of {dollars} in a brand new funding spherical that might see it valued at above $100 billion, the Wall Road Journal reported on Wednesday.
The funding spherical is predicted to be led by enterprise capital agency Thrive Capital, which is poised to take a position roughly $1 billion, the report mentioned, citing folks aware of the matter.
Tech large and OpenAI backer Microsoft can be anticipated to place in cash, it added.
OpenAI, Microsoft and Thrive Capital didn’t instantly reply to Reuters’ requests for remark.
ChatGPT, a chatbot that may generate human-like responses primarily based on consumer prompts, has pushed AI’s recognition and fueled a meteoric rise within the valuation of the San Francisco-based agency.
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)
