OpenAI eyes $500 billion valuation in potential employee share sale, source says


FILE PHOTO: A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/ File Photo

(Reuters) -ChatGPT maker OpenAI is in early-stage discussions about a stock sale that would allow employees to cash out and could value the company at about $500 billion, a source familiar with the matter said.

That would represent an eye-popping bump-up from its current valuation of $300 billion, with the sale underscoring both OpenAI's rapid gains in users and revenue as well as the intense competition among artificial intelligence firms to secure talented workers.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

US startup seeks to reclaim Twitter trademarks 'abandoned' by Musk’s X
Netflix, Paramount fight for Warner Bros Discovery in Hollywood power tussle
Trump calls EU fine on X 'nasty one', says Europe going in 'bad directions'
Trump administration sued over removal of app for tracking immigration agents' whereabouts
Warby Parker, Google to launch AI-powered smart glasses in 2026
Carmakers, rental and leasing firms urge EU to avoid mandatory EV fleet targets
India's Tata signs up Intel as major customer for $14 billion chip foray
Trump comments raise doubts over Netflix's $72 billion deal with Warner Bros
Warner Bros fight heats up with $108 billion hostile bid from Paramount
IBM accelerates cloud drive with $11 billion Confluent deal as AI demand booms

Others Also Read