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OpenAI Seeks $90 Billion Valuation in Possible Share Sale, WSJ Says

by YourTech Story YourTechStory is all about stories of products, te

In a move that could reshape the landscape of artificial intelligence (AI) development, OpenAI is reportedly in talks with investors regarding a potential share sale that could value the cutting-edge startup at a staggering $80 billion to $90 billion. 

This groundbreaking development, revealed by the Wall Street Journal on Tuesday, cites insider sources familiar with the matter. The proposed deal, as disclosed by those close to the discussions, aims to allow existing OpenAI employees to cash in on their shares, rather than the company opting to issue new shares to generate additional capital. This strategic move not only provides a lucrative opportunity for OpenAI’s workforce but also positions the company as a key player in the fiercely competitive AI industry.

Read more: https://www.yourtechstory.com/2023/09/28/openai-seeks-90-billion-valuation-in-possible-share-sale-wsj-says/

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Created on Sep 28th 2023 01:00. Viewed 90 times.

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