The developer of ChatGPT, OpenAI, is planning to raise funds, will it also go for an IPO? $NVIDIA(NVDA.US) $Ark Innovation ETF(ARKK.US)
Foreign news cited sources stating that ChatGPT developer OpenAI plans to raise $65 billion (approximately HK$507 billion) through a share placement, valuing the company at around $1500 billion. OpenAI is also seeking to issue $50 billion in bonds through a revolving credit arrangement. OpenAI has not responded.
The report indicates that the funds raised by OpenAI will be used to meet the company's computational needs and other general operational purposes.
At the end of last year, OpenAI sold shares to employees, valuing the company at approximately $860 billion. At the end of last month, reports suggested that OpenAI plans to raise tens of billions of dollars, which would drive the company's valuation to over $1000 billion.
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