OpenAI plans sale of existing shares at $80-$90 billion valuation

OpenAI, the artificial intelligence startup behind ChatGPT, is talking to investors about a possible sale of existing shares at a much higher valuation from a few months ago, according to two sources familiar with the matter.

The proposed deal could value Microsoft-backed OpenAI at between $80 billion to $90 billion, according to the Wall Street Journal, which first reported on the potential share sale. It would make OpenAI one of the world’s most valuable private companies, at a time of surging enthusiasm for AI startups after the launch of ChatGPT last year.

ChatGPT, a chatbot that can generate human-like responses based on user prompts, has helped AI’s popularity erupt.