Saturday, December 30, 2023

ChatBots: "OpenAI annualized revenue tops $1.6 billion..." Figures That's Good For Another Funding Round At $100 Billion Valuation

First up, Fox via MSN, December 30:

OpenAI raked in over $1.6 billion in revenue this year amid CEO Sam Altman drama

OpenAI raked in $1.6 billion in annualized income in 2023 according to The Information, which cited people with knowledge of the figure.

The figure, up from $1.3 billion in October, comes amid the dramatic ouster and then return of the company's CEO, Sam Altman. The company credits much of its revenue to its massively popular ChatGPT, a large language model....


And from the Cyprus Mail, December 31:

OpenAI in talks to raise new funding at $100 bln valuation

OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported on Friday, citing people with knowledge of the matter.

The terms, valuation and timing of the funding round have not yet been finalized and could still change, the report said.

OpenAI has also held discussions to raise funding for a new chip venture with Abu Dhabi-based G42, according to the report.

It is unclear if the chip venture and wider company funding were related, the report said, adding that OpenAI has discussed raising between $8 billion and $10 billion from G42.

OpenAI is set to complete a separate tender offer led by Thrive Capital in early January, which would allow employees to sell shares at a valuation of $86 billion, according to the report....