OpenAI Is in Talks to Sell Shares at $86 Billion Valuation
Sam Altman, chief executive officer of OpenAI.
Photographer: Annabelle Chih/BloombergThis article is for subscribers only.
OpenAI is in talks to sell existing employees’ shares at an $86 billion valuation, according to people with knowledge of the matter.
The artificial intelligence startup behind ChatGPT is negotiating the transaction, known as a tender offer, with potential investors, said the people, who asked not to be identified discussing confidential information. The firm hasn’t finalized allocations and terms could still change, some of the people said.