California-based Artificial Intelligence developer Open AI is seeking another $6.5 billion from investors.
That puts its value at $150 billion, according to anonymous sources familiar with the matter, Bloomberg reported. That figure is significantly higher than OpenAI's previous valuation of $86 billion earlier this year, the New York-based agency added. OpenAI is also considering asking banks for $5 billion in loans. The sources said the aforementioned financing talks for OpenAI are still ongoing and terms could change.
According to reports, OpenAI is not the first major tech startup to approach Wall Street banks for a loan, as companies such as Facebook, Alibaba or Uber have done so before presenting an initial public offering (IPO ) and go public on the market.
But as it was recently announced, another co-founder is leaving the tech giant OpenAI. John Schulman has decided to leave the company OpenAI, of which he is one of the co-founders, and move to Anthropic, which is OpenAI's main rival.
In response to the announcement on the X platform, OpenAI CEO Sam Altman thanked Shulman and noted that he was responsible for a significant part of what was OpenAI’s initial strategy. In his new role, Schulman will work closely with Jan Leiker, another official who left OpenAI for Anthropic.
The reason is the concern that security has been put on the back burner to focus on business. The company OpenAI has confirmed reports that it is considering introducing a tool whose task is to detect essays written by ChatGPT with a high percentage of accuracy.
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