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OpenAI’s valuation could soar to $90 billion in secondary sale: report

Sep 26, 2023 - aibeat.co
OpenAI is reportedly in discussions with investors for a potential secondary share sale by its employees, which could value the company between $80-90 billion. The AI firm, which previously received a $10 billion investment from Microsoft, was valued at $29 billion in its last financing round. Softbank is also reportedly interested in investing in the company. However, the company won't issue any new shares as part of the deal, and the terms could change.

The company is projected to generate $1 billion in revenue this year and 'many billions' more in 2024. If the deal goes through and OpenAI's valuation reaches $90 billion, it would become the third most highly valued startup globally. This comes after a busy week for OpenAI, which made several significant announcements, including DALL-E 3 and new features on ChatGPT.

Key takeaways:

  • OpenAI is reportedly in discussions with investors for a potential secondary share sale by its employees, which could value the company between $80-90 billion.
  • The AI firm had previously received a $10 billion investment from Microsoft and was valued at $29 billion in its last financing round.
  • Softbank is reportedly interested in investing in OpenAI, the maker of ChatGPT.
  • If the deal goes through and OpenAI's valuation reaches $90 billion, it would become the third most highly valued startup in the world and the most highly valued AI startup.
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