OpenAI, the influential force behind the creation of the highly popular ChatGPT, is reportedly engaged in negotiations to trade the shares held by its current employees at a striking valuation of $86 billion, as per Bloomberg News on Wednesday, with insights from individuals familiar with the ongoing discussions.
The news comes after the Wall Street Journal’s revelation last month, affirming OpenAI’s pursuit of a staggering $90 billion valuation in the event of a share sale. Notably, the tech giant boasts the support of industry-heavyweight Microsoft.
Despite the mounting interest and inquiries, OpenAI is yet to provide an official response to a request for comment from Reuters.
ChatGPT, celebrated for its ability to generate human-like responses based on user inputs, has played a pivotal role in bolstering the widespread adoption of artificial intelligence, consequently propelling the astronomical surge in San Francisco-headquartered OpenAI market value. Earlier this year, the company orchestrated a noteworthy share sale, amassing a valuation of $30 billion.