Sources have revealed that OpenAI, the AI startup that created ChatGPT, is in talks with investors to sell some of its shares at a much higher valuation than before, the Wall Street Journal reported.
OpenAI, which is backed by Microsoft, could be valued at $80 billion to $90 billion in this deal, making it one of the most valuable private companies in the world. The AI startup has gained a lot of attention for its chatbot, ChatGPT, which can produce realistic responses based on user input. ChatGPT has helped to increase interest in AI, which is seen as the next big thing in technology.
This would be the second major share sale for OpenAI, which is based in San Francisco and would show a huge increase in its valuation. Earlier this year, OpenAI sold shares worth $300 million, valuing the company at $30 billion.
Some startups, like SpaceX, have done regular share sales without going public, allowing their employees and investors to benefit from their growing equity. In a share sale, the company does not receive any new money.”