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.

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