AINew York Times59m ago
investors recently approached OpenAI with a proposal
Sources: investors recently approached OpenAI with a proposal to invest at a $1.2T valuation, but OpenAI believes its value should be at least $1.5T
TL;DROpenAI rejected a $1.2T investment offer, demanding $1.5T valuation instead.
Why it matters: Valuation determines investor returns and signals AI market expectations amid funding competition.
The funding round would double the value of the start-up behind ChatGPT and establish it as the world's most valuable private company.
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