OpenAI may be on the cusp of securing a new stockpile of cash to burn through, with the business looking to secure $100 billion in funding from a range of tech and investment firms, Bloomberg reports. The company is reportedly seeking a valuation of around $850 billion, according to the outlet's sources. With $1.4 trillion in pledged expenditure over the next eight years, OpenAI has enormous commitments to meet. While OpenAI is also preparing for an IPO later this year, its plans have not gone without criticism, with some reportedly coming from Nvidia CEO Jensen Huang himself.
