ChatGPT in talks with Investors about selling shares at $29 Billion valuation!
Tender offer at that valuation would make OpenAI one of the most valuable U.S. startups in history!
Venture-capital firms Thrive Capital and Founders Fund are in talks to buy shares, the WSJ reported.
Tweet on ChatGPT news shares valuation
ChatGPT Creator Is to talk to Investors about selling shares at $29 billion valuation, @wsj reports
* random question on Chatgpt #ChatGPT #Ai pic.twitter.com/hiOyMcqSFN
— The_Journalbiz (@the_journalbiz) January 9, 2023
ChatGPT excerpt reply on question
OpenAI, the research lab behind the viral ChatGPT chatbot, is in talks to sell existing shares in a tender offer that would value the company at around $29 billion, according to people familiar with the matter, making it one of the most valuable U.S. startups on paper despite generating little revenue.
The tender could total at least $300 million in OpenAI share sales, they said. The deal is structured as a tender offer, with the investors buying shares from existing shareholders such as employees, the people said.
The new deal would roughly double OpenAI’s valuation from a prior tender offer completed in 2021, when OpenAI was valued at about $14 billion, The Wall Street Journal reported.
- OpenAI has generated tens of millions of dollars in revenue, in part from selling its AI software to developers
OpenAI released a series of artificial intelligence-based products last year that captured the public’s attention, including the image-generation program Dall-E 2 and chatbot ChatGPT.
In 2019, Microsoft invested $1 billion in OpenAI and became its preferred partner for commercializing new technologies for services like search engine Bing and design app Microsoft Design.
