OpenAI is seeking up to $100 billion in new funding that could value the company at $830 billion, according to a report from The Wall Street Journal. The artificial intelligence startup aims to complete this round by the end of the first quarter at the earliest.
The fundraising represents one of the most ambitious efforts in tech history. Final terms remain subject to change, and investor interest stays uncertain. OpenAI pursues this capital amid rapid valuation growth in the sector.
The $830 billion target marks a surge from discussions just days earlier that valued the company at $750 billion. It also constitutes a 66% increase from the $500 billion valuation set in October after a secondary share sale.
This sequence of valuations illustrates quick appreciation. Big Tech firms have incurred nearly $250 billion in debt during the year to support AI infrastructure development.
