Exclusive | OpenAI’s New Fundraising Round Could Value Startup at as Much as $830 Billion

OpenAI is aiming to raise as much as $100 billion as it seeks to pay for ambitious growth plans in a market that has cooled recently on the artificial-intelligence boom.

The fundraising round, which is in the early stages, could value the company at as much as $830 billion, if it raises the full amount it is targeting, people familiar with the matter said. The startup aims to complete the round by the end of the first quarter at the earliest. Terms of the deal could still change, and it is unclear whether there will be sufficient investor demand to reach the goal.