In a recent development, OpenAI, the visionary entity behind the acclaimed ChatGPT creator, is reportedly engaged in discussions to divest shares held by existing employees at a staggering valuation of $86 billion, as disclosed by Bloomberg News, citing sources familiar with the situation.
The news comes hot on the heels of a prior report by the Wall Street Journal, which had indicated that OpenAI, supported by technology giant Microsoft (NASDAQ: MSFT), was pursuing an even loftier valuation of up to $90 billion for the sale of its shares.
OpenAI has thus far chosen to remain tight-lipped, offering no immediate response to inquiries from Reuters regarding this substantial development.
ChatGPT, the brainchild of OpenAI, is a pioneering chatbot celebrated for its ability to generate responses akin to human conversation, contributing significantly to the surge in AI’s popularity. Consequently, this surge has propelled OpenAI, headquartered in San Francisco, to meteoric heights in terms of its valuation. Earlier this year, the company orchestrated a momentous $300 million share sale, valuing the enterprise at $30 billion.
Bloomberg News has reported that OpenAI is presently engaged in negotiations over a tender offer with potential investors. It is important to note that the specifics of the allocation and the terms of this arrangement remain subject to potential modifications as discussions progress.
