Hey everybody, welcome back to the Elon Musk Podcast. This is a show where we discuss the critical Crossroads, The Shape, SpaceX, Tesla X, The Boring Company, and Neuralink, and I'm your host, Will Walden. Open AI is in talks for a new funding round that could push its valuation to an eye, popping $100 billion or more. This isn't just any funding round though. It's a game changer that could vault Open AI into the ranks of the most valuable start-ups
worldwide. Now, Open AI is engaging with potential investors, but everything's hush hush for now, and the insiders are keeping details under wraps, so we're talking about information that's as exclusive as it gets. Now let's put things into perspective here though. If Open AI nails this funding round, we're looking at the second most valuable startup in the US, sitting right behind Elon Musk's SpaceX. That's according to the latest from CB Insights, and it's a big deal right now.
Now Open AI is playing it cool though. Open AI is looking for a tender offer in early January with a valuation around $86 billion, the demand from investors is outstripping the supply of shares, a clear sign of Open AI hot ticket status in the investment community. Now remember when Open AI dropped ChatGPT and turn heads all over the world? Hundreds of millions of users. Now that was a defining moment for Open AI. Since then they pulled in $13 billion, with big names like
Microsoft betting big on them. And the ripple effects of Open AI's rise are everywhere. Giants like Amazon and Alphabet are pouring billions into AI ventures like anthropic Salesforce has thrown its weight behind hugging face, valuing it a cool $4.5 billion. And NVIDIA, the big player in AI chips, is making moves, too. Now Open AI isn't just resting on its laurels, though. They're reportedly in talks with Abu Dhabi's G42 for a whopping 8 billion to $10 billion for a new
chip venture. It's a bold move, stepping into the hardware arena to take on NVIDIA. The project code name Tigris, is Open AI, Sam Altman's baby. He's eyeing the AI chip market, aiming to shake things up. This is Open AI, expanding its horizons, moving beyond just software to hardware. And it's a huge pivot. In October, Open AI announced the strategic partnership with G42. This partnership is a significant move of her Open AI because they're getting into the
Middle Eastern market. G42, established in 2018, is an influential player in the region, known for its advanced technology solutions as strong connections in the business and governmental sectors. Now the collaboration aims to deliver state-of-the-art AI solutions to the UAE and its neighboring regions. This partnership is not just a business venture, though. It means that Open AI is expanding into new geographical territories.
There's global ambitions now, and they recognize that the Middle East is important for upcoming AI tech. And the partnership between Open AI and G42 is more than a simple collaboration is strategic alignment of goals and expertise. G42 brings a wealth of regional knowledge, financial resources and a network of government and industrial connections. This opens up new avenues for open AI, providing a platform to adapt and offer its AI solutions in a market that's rapidly embracing digital
transformation. The collaboration is expected to yield cutting edge AI applications tailored to meet the unique needs and challenges of that region. Now this includes potential advancements in sectors like healthcare, education, and smart city development where AI can play a transformative role. This partnership also signifies the growing global influence of AI and the importance of cross regional collaborations in the field.
And by teaming up with G42, Open AI is not only diversifying its global footprint, but also gaining valuable insights into the AI needs and trends in the Middle East. This collaboration is a strategic move that could set a precedent for how AI companies and regional tech giants can work together to drive innovation and technological advancement. For Open AI.
This partnership is a step towards becoming a global AI powerhouse, demonstrating its ability to forge important international connections and tailoring its technology to diverse markets. Now, Open AI's recent turmoil, including Altman's brief ouster, has some investors on edge. But with Altman back in the saddle and a new board Open AI sending a clear message, they're back on track and they're
doubling down on their vision. This turn around was crucial, reassured stakeholders and kept the Open AI ship steady amid choppy waters. It's about keeping the focus on innovation and moving forward despite the bumps in the road. Now this potential $100 billion valuation isn't just a number, it's a statement. Open AI is not just riding the AI wave, they are in the lead, and this funding round is a critical chapter in this story. Now, this development isn't just
about Open AI, though. It's a barometer for the whole AI industry. It shows that the market's appetite for AI and it's confidence in the technology's future. Open AI is at the forefront, and everybody's watching them and they're diversifying. They're aiming to dominate in the chip venture, the tender offer. It's all part of a bigger strategy to submit their place in AI history. They're not just playing the game, They're winning it and they're changing it. Hey, thank you so much for
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