OpenAI

OpenAI is reportedly in discussions to sell shares owned by its existing employees, aiming for a valuation of approximately USD 86 billion. This revelation follows earlier reports from the Wall Street Journal that OpenAI, with backing from Microsoft, was eyeing a valuation as high as USD 90 billion for this shares sale. 

While OpenAI has yet to officially respond to media inquiries regarding this matter, these talks further underscore the meteoric rise in the company’s worth, largely driven by the remarkable success of ChatGPT.

ChatGPT, a conversational AI chatbot capable of generating human-like responses based on user input, has played a pivotal role in boosting the popularity and significance of artificial intelligence. This technology has not only redefined human-computer interactions but has also been instrumental in propelling OpenAI’s valuation to new heights.

Earlier this year, OpenAI conducted a USD 300 million share sale, placing the company’s value at USD 30 billion. However, the recent discussions indicate a significant shift in perspective, with the potential for OpenAI’s valuation to almost triple in a relatively short span of time. 

OpenAI is presently engaged in negotiations with potential investors for a tender offer. According to reports from Bloomberg, the allocation of shares and the specific terms of the transaction have not been finalised, which means that the situation remains fluid, and details could change as negotiations progress.