OpenAI aims for $30 billion in new funding round
OpenAI is seeking to raise at least $30 billion from investors in a new funding round after delaying plans for an initial public offering.
Artificial intelligence startup OpenAI is seeking to raise at least $30 billion from investors in a new funding round, according to people familiar with the matter.
The capital push follows the company's decision to delay its plans for an initial public offering. The firm continues to face substantial costs associated with expanding its AI infrastructure, training advanced models, and competing with major technology corporations in the rapidly growing generative AI market. Further details regarding the valuation or participating investors have not been publicly disclosed.
Sources: Bloomberg.