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OpenAI seeks valuation of up to $90 billion in sale of existing shares
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OpenAI is talking to investors about a possible share sale that would value the artificial-intelligence startup behind ChatGPT at between $80 billion to $90 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The deal is expected to allow employees to sell their existing shares as opposed to the company issuing new ones to raise additional capital, according to the report.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Applied Business AnalyticsVisitIIM LucknowIIML Executive Programme in Data ScienceVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisitOpenAI representatives have begun pitching investors on the deal, though it is possible the terms could change, WSJ reported.
OpenAI did not immediately respond to a Reuters' request for comment.
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