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+--- Thread: OpenAI Wants to Value Itself at $90 Billion for a Potential Share Sale (/showthread.php?tid=2355)
OpenAI Wants to Value Itself at $90 Billion for a Potential Share Sale - tripleyou - 09-27-2023
OpenAI Wants to Value Itself at $90 Billion for a Potential Share Sale
September 27, 2023
The startup's founder, OpenAI, is in discussions with investors about a future share sale that might value it between $80 billion and $90 billion.
According to the Journal, which cited unnamed people involved with the conversations, such a valuation would be close to three times what the artificial intelligence startup was valued at early this year.
According to the Journal, the agreement would permit employees to sell their current shares rather than the company issuing new ones to raise further funds. According to the persons, OpenAI has started selling investors on the acquisition, though the specifics may yet alter.
One of the most highly valued startups in the world would be OpenAI, which would have a valuation of at least $80 billion.
Sam Altman was a founding partner of OpenAI, which has received $13 billion in funding from Microsoft Corp. As more companies use the ChatGPT technology, it's on track to generate $1 billion in yearly revenue, according to Bloomberg.
One of the few businesses at the vanguard of generative AI, OpenAI can produce everything from poems to films with a few straightforward user commands. Since the launch of ChatGPT in November, OpenAI has collaborated with businesses of all sizes to use the technology in their operations and goods.