- tech360.tv
OpenAI in Talks to Sell Shares at US$86 Billion Valuation
OpenAI, the creator of ChatGPT, is reportedly in discussions to sell shares held by its existing employees at a valuation of $86 billion.
This news comes from Bloomberg, which cited sources familiar with the matter. Last month, the Wall Street Journal reported that OpenAI, backed by Microsoft, was seeking a valuation of up to US$90 billion for a share sale.
ChatGPT, a chatbot known for generating human-like responses, has contributed to the surge in OpenAI's popularity and the significant increase in its valuation. Earlier this year, the company conducted a US$300 million share sale, valuing the company at US$30 billion.
OpenAI is currently engaged in negotiations for a tender offer with potential investors. However, the firm has not yet finalized allocations, and the terms of the deal could still change.
OpenAI is in talks to sell shares held by its employees at a valuation of US$86 billion.
The company's chatbot, ChatGPT, has played a significant role in its rising popularity.
OpenAI conducted a US$300 million share sale earlier this year, valuing the company at US$30 billion.
The negotiations for the share sale are ongoing, and the terms of the deal could still change.
Source: REUTERS