New $50B Middle East Round Could Push OpenAI Valuation to $800B
OpenAI reportedly seeks a new $50 billion funding round from Middle Eastern sovereign wealth funds, which could push its valuation to $750-830 billion. Although not yet profitable, OpenAI is exploring new revenue streams like ads on ChatGPT. Signals continued high investor interest in the AI market, with investors backing category leaders at massive valuations despite unprofitability.
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