OpenAI in talks for share sale at US$500bil valuation


If the deal goes ahead, it would elevate OpenAI’s on-paper price tag by roughly two-thirds. — Reuters

NEW YORK: OpenAI is in early talks about a potential sale of stock for current and former employees at a valuation of about US$500bil, people briefed on the investment discussions said, marking an enormous gain in value for the artificial intelligence leader.

The company is targeting a secondary stock sale in the billions of dollars, the people said, asking to remain anonymous because they weren’t authorised to discuss the matter publicly.

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