Earlier this year, OpenAI was valued at a reported $80 billion from $29 billion the prior year. Annualized revenue reportedly surpassed $2 billion earlier this year. Growth took off in late 2022 after the company launched its ChatGPT chatbot and has continued as it rolled out products for businesses and expanded into AI-generated photos and videos.
The Wall Street Journal was first to report on the talks and said Microsoft, which is OpenAI's biggest backer, is also participating in the round. Microsoft declined to comment.