OpenAI, the creator of ChatGPT, is talking to investors about a potential share sale that would value the startup at $80 billion to $90 billion, the Wall Street Journal reported. Such a valuation would be almost three times what the artificial intelligence startup was valued at earlier this year, the Journal said, citing unidentified people familiar with the discussions.
valuation of at least $80 billion would make OpenAI one of the most highly valued startups in the world. Microsoft Corp. has invested $13 billion in OpenAI, which was co-founded by Sam Altman. It’s is on track for $1 billion of annual revenue as businesses adopt the technology behind ChatGPT, Bloomberg has reported. OpenAI is regarded as one of a handful of companies at the forefront of generative AI, which can create content from videos to poetry out of a few simple user commands.
Source: The AI Report (theaireport.net)
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