OpenAI aiming to raise as much as $100 billion, valuing it around $830 billion, according to WSJ

Leslie Picker (Reporter) 00:00.070

here's got the details here leslie hey melia this fits right into what you were just talking about with regard to the AI train and how fast it's moving well the wall street journal reporting

Leslie Picker (Reporter) 00:10.640

now that open AI is in the early stages of a fundraising round that could raise as

Leslie Picker (Reporter) 00:17.600

much as a hundred billion dollars at least that's their target

Leslie Picker (Reporter) 00:20.920

at this point in time and in this fundraising round which is at its early stages they say it could value the company at as much as eight hundred

Leslie Picker (Reporter) 00:30.510

and thirty billion dollars this is according to people familiar with the matter and the information also earlier reported some details

Leslie Picker (Reporter) 00:40.070

of open AI 's latest funding efforts but of course this would be a key test as to how much capital is still out there to fund this AI build out and at what price if

Leslie Picker (Reporter) 00:51.630

it ultimately comes to pass but open AI seeking a new fundraising round that could value it as high as eight hundred and thirty billion dollars melissa OK

Melissa Lee (Host) 01:00.430

seeking is the keyword here then right i'd love to seek a hundred billion dollars for an eight hundred and thirty billion valuation also but it may not happen

Melissa Lee (Host) 01:10.350

leslie thank you leslie picker was it

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was it seven fifty yesterday i thought

Melissa Lee (Host) 01:16.350

it was i thought i had read seven fifty i mean i literally

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i thought i read that yesterday yeah it's

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interesting i mean they need cash that's not surprising right

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what is interesting with the it's such a black box from the outside

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right nobody knows what's going on in open AI

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and yet there are so many players that are a party to some sort of agreement with them i would

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think there would be more clarity more transparency or a leak or something about the underlying financials there than there seems to be unless

Melissa Lee (Host) 01:46.390

well there is no incentive for them to leak anything

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well when you're raising money you're tied to the success of the company

Melissa Lee (Host) 01:54.150

i mean if the implication is that a leak would disclose we don't know things that may not be as great as everybody thinks

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yeah right there would be some concern about that and yet they still are able to i don't

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know there's there's i can't imagine how busy sarah fryer is this is an extraordinary job as CFO when

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was the code red announcement two

Melissa Lee (Host) 02:16.510

weeks ago

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was that only isn't when you hear code red like it doesn't

Melissa Lee (Host) 02:20.230

go up in value how

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did we go from five hundred billion to eight hundred billion since the last time there was

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money the the first raise this year was a hundred and fifty billion then there was three hundred billion

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there was five hundred billion just was the last one five was the last one that was when

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how do you feel like if you're an insider your employee you sold six and a half billion dollars at five hundred and

Melissa Lee (Host) 02:36.710

now they're what's that well it depends on what you're not if you just sold your stock instead

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or sold stock at five hundred billion dollars i understand a month ago what is what is your it should be pretty happy right

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i would be pretty happy i think they're

Melissa Lee (Host) 02:50.110

open i'm publicly traded company would it continue on a steady drum beat higher

Melissa Lee (Host) 02:56.870

amidst all of the the skepticism about the open about the it

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would not the public markets it's already told you what the view is on AI in the last month it's so

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in a world where there's no liquidity the mark to market is very different in private and that by the way it seems

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a lot of people themselves in private equity it's one of the reasons

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why it is an asset allocation that makes a lot of sense for people but i think we're all saying the same thing i mean

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this is hard to believe two weeks after code red compare the

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two right so we have spacex we have open AI and and there's there's not an infinite

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amount of money to be raised here so if you look at i find

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it interesting you look at the valuation on both of them they're both chasing

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the same dollars and they both have to have that latest headline that's out to sort of gain the market 's attention because

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the market only pays attention to the last headline that they say well

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if they don't raise money it could be lights out for a while here

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they have one point four trillion dollars in in basically contracts out

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there you know a hundred billion dollars that's not going to be easy to do you know up from again fifty billion dollars a year ago to eight hundred billion dollars and i'll

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just say this you know the information in a story yesterday that amazon is considering a ten billion dollar investment in open AI and then

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they're going to get a thirty eight billion dollar contract for aws

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and then they're going to start opening AI is going to start using their training training chips

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sounds like only ninety billion more

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what what what i'm saying is it's like this is another circular

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trade and you know who's a big investor in open AI it's

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nvidia and so nvidia now i mean it's insane

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and so like you know again sam allen we're all rooting for

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you here because if this doesn't work out it's going to be a really difficult twenty twenty six