OpenAI, the AI startup behind ChatGPT, is seeking a new valuation of up to $90 billion15 by allowing employees to sell existing shares.
What's going on here?
OpenAI aims to triple its valuation from earlier this year through a new share sale.
What does this mean?
OpenAI's valuation is skyrocketing thanks to ChatGPT's popularity and its expected billion-dollar revenue this year. OpenAI is in talks to allow employees to sell existing shares to investors, which could value the company at $80-90 billion—almost triple its earlier $29 billion valuation.
Why should I care?
This highlights the exploding value of AI due to chatbots like ChatGPT. ChatGPT's widespread popularity is driving OpenAI's revenue, making it one of the most valuable global startups.
Open AI seeking a $90 Billion valuation
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