OpenAI Seeks Valuation of up to $90 Billion

📆 9/27/2023 2:51 AM
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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 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. OpenAI representatives have begun pitching investors on the deal, though it is possible the terms could change, WSJ reported.

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OpenAI share sale could value AI startup at up to $90 billion: WSJOpen AI, the company that kicked off artificial-intelligence frenzy this year with its generative AI ChatGPT, is considering a sale of existing shares that...
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