OpenAI is in talks to sell shares of existing employees at a valuation of $86 billion, according to people with knowledge of the matter.
The artificial intelligence startup behind it ChatGPT is negotiating the transaction, known as an offer, with potential investors, said the people, who asked not to be identified discussing confidential information. The company has not yet finalized the allocations and the terms could still change, some people said.
OpenAI, what counts Microsoft Corp is 49% owned and led by the Chief Executive Officer Sam Altman and President Greg Brockman. At a valuation of $86 billion, the company would leapfrog the likes of Stripe and Chinese online retailer Shein to become one of the most valuable companies in the world, behind SpaceX and Elon Musk’s TikTok parent company ByteDance.
A representative for San Francisco-based OpenAI declined to comment.
The company is on track to generate $1 billion in annual revenue if companies adopt the technology, Bloomberg reported in August.
Last month, the Wall Street Journal reported that OpenAI was discussing a possible stock sale that would value the startup at $80 billion to $90 billion.
The artificial intelligence startup behind it ChatGPT is negotiating the transaction, known as an offer, with potential investors, said the people, who asked not to be identified discussing confidential information. The company has not yet finalized the allocations and the terms could still change, some people said.
OpenAI, what counts Microsoft Corp is 49% owned and led by the Chief Executive Officer Sam Altman and President Greg Brockman. At a valuation of $86 billion, the company would leapfrog the likes of Stripe and Chinese online retailer Shein to become one of the most valuable companies in the world, behind SpaceX and Elon Musk’s TikTok parent company ByteDance.
A representative for San Francisco-based OpenAI declined to comment.
The company is on track to generate $1 billion in annual revenue if companies adopt the technology, Bloomberg reported in August.
Last month, the Wall Street Journal reported that OpenAI was discussing a possible stock sale that would value the startup at $80 billion to $90 billion.
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