A new AI bullet is coming. Reports say OpenAI is exploring "tens of billions or even $100 billion in financing."
OpenAI is brewing a new round of unprecedented capital operations. The aim is to further consolidate its dominant position in the field of artificial intelligence through financing of up to tens of billions or even one hundred billion US dollars, and to replenish ammunition for its high model training costs.
According to The Information, citing three people familiar with the matter, OpenAI discussed a valuation level of about 750 billion US dollars in recent contacts with investors. Two of the people familiar with the matter said that the scale of this round of financing could reach tens of billions of dollars, and could even reach up to 100 billion US dollars at most. The relevant negotiations are still in the early stage, and no final terms have been finalized.
This shows that while spending a large amount of money on training and running artificial intelligence models, this startup is actively seeking to further expand its already considerable cash reserves.
If the financing is completed at this valuation, it will be about 50% higher than the valuation of OpenAI's last share sale in October last year, and will further enrich its capital reserves for training and running AI models. In addition to having raised more than 60 billion US dollars from investors such as Thrive Capital and SoftBank before, OpenAI has also begun to pave the way for new financing.
Meanwhile, Amazon is also in in - depth contact with OpenAI. Sources revealed that Amazon is in talks to invest at least 10 billion US dollars in OpenAI.
As previously mentioned by Wall Street News, as a key part of the deal, OpenAI will agree to use Amazon's self - developed Trainium chips. Previously, OpenAI had announced that it would spend 38 billion US dollars to rent Amazon Web Services (AWS) servers in the next seven years, and the proposed investment will directly support this leasing commitment. If the deal is finalized, Amazon will join the ranks of technology giants including Nvidia and become a major investor in OpenAI's latest round.
This series of financing dynamics highlights the increasingly fierce and costly arms race in the field of generative AI. For investors, if OpenAI successfully brings in strategic allies such as Amazon and diversifies its chip supply chain, it not only means a significant expansion of its cash reserves, but also indicates that the competitive relationship among Silicon Valley giants regarding computing power, exclusive agreements, and market share is becoming more complex.
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This article is from the WeChat official account "Wall Street News", author: Ye Huiwen. It is published by 36Kr with authorization.