OpenAI is in talks to raise billions of dollars in a new funding round at a valuation of $150 billion to beef up its artificial intelligence (AI) technology and cover operating costs amid stiff competition from Google and Amazon.
The ChatGPT maker is now negotiating funding from investors amounting to $6.5 billion, according to a report on Bloomberg News citing people who are familiar with the matter.
Another $5 billion will be a bank debt from banks through a revolving credit facility.
In late…
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