Friday, January 6, 2023

OpenAI, the company behind ChatGPT, in talks for tender offer that would give it $29 billion valuation: report - Bill Peters, MarketWatch

Artificial-intelligence research company OpenAI is in discussions over potentially selling at least $300 million in shares in a tender offer that would give it a roughly $29 billion valuation, the Wall Street Journal reported Thursday. The offering of shares of OpenAI — known for AI programs like the chatbot ChatGPT and the image-generator Dall-E 2 — would make it among the most highly-valued startups in the U.S., the Journal said. The valuation would be more than twice its valuation of $14 billion in 2021, according to the Journal.