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'OpenAI weights share sales, valuation up to 90 billion' - Future Tech

2023-09-27T14:24:01.615Z

Highlights: 'OpenAI weights share sales, valuation up to 90 billion' - Future Tech. Wsj, equal to triple the value at the beginning of the year, case as SpaceX (ANSA). OpenAI is talking to investors about a share sale that would value the AI startup behind ChatGpt at between $80 billion and $90 billion, about triple its level earlier this year. A figure that would make it one of the most highly valued global startups, behind Elon Musk's SpaceX and TikTok's owner ByteDance.


Wsj, equal to triple the value at the beginning of the year, case as SpaceX (ANSA)


OpenAI is talking to investors about a share sale that would value the AI startup behind ChatGpt at between $80 billion and $90 billion, about triple its level earlier this year. A figure that would make it one of the most highly valued global startups, behind Elon Musk's SpaceX and TikTok's owner ByteDance. The Wall Street Journal writes.

The company, 49 percent owned by Microsoft, told investors it expects to reach a billion dollars in revenue this year and generate many more billions in 2024, according to sources close to the company. The deal is expected to allow employees to sell their existing shares instead of the company issuing new ones to raise additional capital.

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Source: ansa

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