OpenAI in talks with investors about share sale at $500 billion valuation
OpenAI is in early talks with investors about a potential secondary stock sale valuing the company at around $500 billion, with current and former employees selling shares.
Thrive Capital, an existing investor, may lead the round.
OpenAI’s valuation has soared since launching ChatGPT in 2022, reaching $300 billion after a $40 billion funding round earlier this year.
Recently, OpenAI released new open-weight language models and reported nearly 700 million weekly active ChatGPT users.
Meanwhile, rival Anthropic is seeking $3–5 billion in funding at a $170 billion valuation, CNBC has reported.
OpenAI’s annual recurring revenue is expected to exceed $20 billion by year-end.
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