According to Bloomberg, OpenAI is targeting a valuation of $100 billion or higher for the new investment round.
However, the terms, valuation and timing of the investment round have not yet been finalized and are subject to change.
OpenAI is also reportedly in talks with Abu Dhabi-based G42 about an investment for a new chip initiative. If this investment goes through, OpenAI could become the second most valuable startup in the US after Elon Musk's SpaceX. OpenAI is also close to completing an offering led by Thrive Capital that would allow employees to sell their shares for about $86 billion. The news comes as part of a trend showing increased investment in artificial intelligence.
