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OpenAI's Billion-Dollar Dreams: Valuation Reaches $86 Billion

Oct 19, 2023 - digitalinformationworld.com
OpenAI, the company behind ChatGPT, is reportedly in talks to sell its employee shares at a valuation of $86 billion, according to Bloomberg News. This follows recent speculation from the Wall Street Journal about the AI firm seeking a valuation of up to $90 billion. OpenAI, which is backed by Microsoft, has yet to comment on the reports.

ChatGPT, OpenAI's chatbot, has been a significant factor in the company's success, impressing users with its human-like responses. Earlier this year, OpenAI conducted a share sale that brought in $300 million at a valuation of $28 billion. The company is currently in negotiations over a tender offer with potential investors, but the details of the deal are still uncertain.

Key takeaways:

  • OpenAI, the company behind ChatGPT, is in the news for a potential deal to sell its employee shares at an $86 billion evaluation.
  • The company, backed by Microsoft, was previously rumored to be seeking a valuation as high as $90 billion for its shares.
  • ChatGPT, OpenAI's chatbot, has significantly contributed to the company's success, with a previous share sale bringing in $300 million at a $28 billion valuation.
  • Details of the current negotiations with potential investors are still unclear, leaving the tech world in anticipation of what's next for OpenAI.
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