The artificial intelligence start-up behind ChatGPT is negotiating the transaction, known as a tender offer, with potential investors, say sources.
is in talks to sell existing employees’ shares at an $US86 billion valuation, according to people with knowledge of the matter.is negotiating the transaction, known as a tender offer, with potential investors, said the people, who asked not to be identified discussing confidential information. The firm has not finalised allocations and terms could still change, some of the people said.
OpenAI, which counts Microsoft as a 49 per cent owner, is led by chief executive officer Sam Altman and President Greg Brockman. At $US86 billion, it would leapfrog the likes of Stripe and Chinese online retailer Shein to become one of the world’s most valuable closely held companies, behind Elon Musk’s SpaceX and TikTok parent ByteDance.The company is on track to generate $US1 billion of annual revenue as businesses adopt the technology, Bloomberg reported in August.
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