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AI Update: OpenAI Targets $100 Billion Valuation in New Funding Talks · Elon Musk Podcast

• 0:01
  Hey everybody, welcome back to the Elon Musk Podcast.
• 0:05
  This is a show where we discuss the critical Crossroads, The
• 0:08
  Shape, SpaceX, Tesla X, The Boring Company, and Neuralink,
• 0:13
  and I'm your host, Will Walden. Open AI is in talks for a new
• 0:18
  funding round that could push its valuation to an eye, popping
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  $100 billion or more. This isn't just any funding
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  round though. It's a game changer that could
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  vault Open AI into the ranks of the most valuable start-ups
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  worldwide. Now, Open AI is engaging with
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  potential investors, but everything's hush hush for now,
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  and the insiders are keeping details under wraps, so we're
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  talking about information that's as exclusive as it gets.
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  Now let's put things into perspective here though.
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  If Open AI nails this funding round, we're looking at the
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  second most valuable startup in the US, sitting right behind
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  Elon Musk's SpaceX. That's according to the latest
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  from CB Insights, and it's a big deal right now.
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  Now Open AI is playing it cool though.
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  Open AI is looking for a tender offer in early January with a
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  valuation around $86 billion, the demand from investors is
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  outstripping the supply of shares, a clear sign of Open AI
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  hot ticket status in the investment community.
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  Now remember when Open AI dropped ChatGPT and turn heads
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  all over the world? Hundreds of millions of users.
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  Now that was a defining moment for Open AI.
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  Since then they pulled in $13 billion, with big names like
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  Microsoft betting big on them. And the ripple effects of Open
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  AI's rise are everywhere. Giants like Amazon and Alphabet
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  are pouring billions into AI ventures like anthropic
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  Salesforce has thrown its weight behind hugging face, valuing it
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  a cool $4.5 billion. And NVIDIA, the big player in AI
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  chips, is making moves, too. Now Open AI isn't just resting
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  on its laurels, though. They're reportedly in talks with
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  Abu Dhabi's G42 for a whopping 8 billion to $10 billion for a new
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  chip venture. It's a bold move, stepping into
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  the hardware arena to take on NVIDIA.
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  The project code name Tigris, is Open AI, Sam Altman's baby.
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  He's eyeing the AI chip market, aiming to shake things up.
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  This is Open AI, expanding its horizons, moving beyond just
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  software to hardware. And it's a huge pivot.
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  In October, Open AI announced the strategic partnership with
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  G42. This partnership is a
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  significant move of her Open AI because they're getting into the
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  Middle Eastern market. G42, established in 2018, is an
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  influential player in the region, known for its advanced
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  technology solutions as strong connections in the business and
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  governmental sectors. Now the collaboration aims to
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  deliver state-of-the-art AI solutions to the UAE and its
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  neighboring regions. This partnership is not just a
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  business venture, though. It means that Open AI is
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  expanding into new geographical territories.
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  There's global ambitions now, and they recognize that the
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  Middle East is important for upcoming AI tech.
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  And the partnership between Open AI and G42 is more than a simple
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  collaboration is strategic alignment of goals and
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  expertise. G42 brings a wealth of regional
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  knowledge, financial resources and a network of government and
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  industrial connections. This opens up new avenues for
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  open AI, providing a platform to adapt and offer its AI solutions
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  in a market that's rapidly embracing digital
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  transformation. The collaboration is expected to
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  yield cutting edge AI applications tailored to meet
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  the unique needs and challenges of that region.
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  Now this includes potential advancements in sectors like
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  healthcare, education, and smart city development where AI can
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  play a transformative role. This partnership also signifies
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  the growing global influence of AI and the importance of cross
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  regional collaborations in the field.
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  And by teaming up with G42, Open AI is not only diversifying its
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  global footprint, but also gaining valuable insights into
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  the AI needs and trends in the Middle East.
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  This collaboration is a strategic move that could set a
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  precedent for how AI companies and regional tech giants can
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  work together to drive innovation and technological
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  advancement. For Open AI.
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  This partnership is a step towards becoming a global AI
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  powerhouse, demonstrating its ability to forge important
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  international connections and tailoring its technology to
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  diverse markets. Now, Open AI's recent turmoil,
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  including Altman's brief ouster, has some investors on edge.
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  But with Altman back in the saddle and a new board Open AI
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  sending a clear message, they're back on track and they're
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  doubling down on their vision. This turn around was crucial,
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  reassured stakeholders and kept the Open AI ship steady amid
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  choppy waters. It's about keeping the focus on
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  innovation and moving forward despite the bumps in the road.
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  Now this potential $100 billion valuation isn't just a number,
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  it's a statement. Open AI is not just riding the
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  AI wave, they are in the lead, and this funding round is a
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  critical chapter in this story. Now, this development isn't just
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  about Open AI, though. It's a barometer for the whole
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  AI industry. It shows that the market's
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  appetite for AI and it's confidence in the technology's
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  future. Open AI is at the forefront, and
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  everybody's watching them and they're diversifying.
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  They're aiming to dominate in the chip venture, the tender
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  offer. It's all part of a bigger
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  strategy to submit their place in AI history.
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  They're not just playing the game, They're winning it and
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  they're changing it. Hey, thank you so much for
• 5:29
  listening today. I really do appreciate your
• 5:31
  support. If you could take a second and
• 5:33
  hit the subscribe or the follow button on whatever podcast
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  appreciate it. It helps out the show
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  tremendously and you'll never miss an episode.
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  And each episode is about 10 minutes or less to get you
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  caught up quickly. And please, if you want to
• 5:50
  support the show even more, go to patreon.com/stage Zero and
• 5:56
  please take care of yourselves and each other.
• 5:58
  I'll see you tomorrow.