Cryptocurrencies performed well in 2023, but perhaps the most notable trend was artificial intelligence (AI). OpenAI was by far the most popular company. Although it has only been around for a few years and is not listed on the stock exchange, investors are still very optimistic. According to reports Negotiations are underway to raise new capital, which would increase the company’s value to at least $100 billion.
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OpenAI is looking for investors
Based on various anonymous sources, Bloomberg writes that OpenAI is preparing a new round of financing. If the plan is successful, it will reach a market value of $100 billion or more. According to the latest estimate, the privately held company is worth $86 billion. It’s not clear what percentage of OpenAI shares it wants to sell and at what price.
$14 billion in growth may not sound like much for the $86 billion American software company, but the new valuation would make OpenAI the second-largest startup in the United States. Only Elon Musk’s SpaceX is bigger, whose market value was estimated at $180 billion earlier this month, according to other Bloomberg sources.
The software manufacturer is also said to have held financing discussions with the AI ​​company G42 from Abu Dhabi. OpenAI would like to design its own chip under the code name Tigris. The goal would be to develop chips that can compete with those made by Nvidia, from which OpenAI currently buys all of its chips. After a successful stint as a crypto mining chip maker, Nvidia began to focus more on AI server chips. According to Bloomberg, the company now dominates this market.
Governments want AI regulation
So the market for artificial intelligence is booming, but governments remain very cautious. To prevent technology from revolutionizing the world, the European Parliament recently announced new rules that AI companies must adhere to.
The AI ​​hype was already there last summer, but for the American investment bank Goldman Sachs that was no reason to be less optimistic. The bank expects the sector to be worth around $200 billion by 2025.
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