OpenAI is in talks with investors about a possible sale of shares and an increased valuation for the company to $80–90 billion. The Wall Street Journal reports, citing sources.
According to the latest data, the AI developer intends to sell shares at a much higher price than in April 2023. Back then, TechCrunch wrote that OpenAI raised $300 million at a valuation of $27–29 billion. The firm’s stake was acquired by Sequoia Capital, Andreessen Horowitz, Thrive, K2 Global and Founders Fund.
The new valuation of $80–90 billion would make OpenAI one of the most valuable private companies in the world, the WSJ noted.
In January, the media reported that Microsoft invests $10 billion in the ChatGPT developer over several years.
Back in September, OpenAI released a major update for ChatGPT. The chatbot learned to see, hear and speak.