OpenAI Seeks $6.5B Funding with $150B Valuation Amid Restructuring Plans
(Reuters)– OpenAI, the creator of ChatGPT, is raising $6.5 billion in a new financing round. The company’s valuation could soar to $150 billion, depending on a potential corporate restructuring. This restructuring involves removing the profit cap, which limits returns for investors. The funding is expected to come in the form of convertible notes. Investor demand is …
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