Scott Wapner (Anchor) 00:00.070
our open AI looking to raise more money which could push its valuation to eight hundred thirty billion dollars mackenzie sagalos here with more behind that big number mac
Mackenzie Sigalos (Business News Reporter) 00:10.670
hey scott so opening eyes valuation getting marked higher across back to back reports roughly an eighty billion dollar spread over twenty four hours the journal now says opening eyes next round could raise as much as a hundred billion dollars at an eight hundred and thirty
Mackenzie Sigalos (Business News Reporter) 00:24.390
billion dollar valuation that would be good for cap table names like softbank which recently liquidated its entire video stake to go all in on open AI amazon it's the biggest new investor name in the mix but those talks between open AI and amazon are as much about a commercial
Mackenzie Sigalos (Business News Reporter) 00:39.270
partnership as they are about equity and any check of that scale would likely start at least ten billion dollars but open AI at least at this point not confirming the valuation number saying they are still too early in talks and they don't imminently need the cash open AI is
Mackenzie Sigalos (Business News Reporter) 00:53.430
getting another twenty two point five billion dollars from that softbank LED round by the end of the year and most of its compute bills don't start to do until the back half of twenty twenty six runway the buys them time and shifting gears here while these financing talks play
Mackenzie Sigalos (Business News Reporter) 01:07.790
out open AI making headlines this afternoon with some compute news michigan regulators just cleared oracle and open AI to power a new one point four gigawatt data center campus which is a key piece of open AI stargate expansion across the US