OpenAI Aims for $90 Billion Valuation in Share Sale
TL;DR Summary
OpenAI is reportedly in talks to sell shares, potentially increasing its valuation from $29 billion to between $80 billion and $90 billion. The company plans to allow employees to sell their existing shares rather than issuing new ones. OpenAI recently secured over $300 million in funding and is expected to reach $1 billion in revenue by 2023. Its generative AI assistant, ChatGPT, has been a major success, and it is set to become more interactive, allowing voice conversations with users. OpenAI is 49% owned by Microsoft.
- OpenAI is reportedly raising funds at a valuation of $80 billion to $90 billion TechCrunch
- OpenAI Seeks $90 Billion Valuation in Possible Share Sale, WSJ Says Bloomberg
- OpenAI Could Reach Massive $90 Billion Valuation With New Share Sales, Report Says Forbes
- OpenAI, at boosted valuation, in talks to sell existing shares to investors -sources Reuters
- View Full Coverage on Google News
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