OpenAI valuation soars to $500B in private share sale – reports

FILE - The OpenAI logo is displayed on a cellphone with an image on a computer monitor generated by ChatGPT's Dall-E text-to-image model, Dec. 8, 2023, in Boston. (AP Photo/Michael Dwyer, File)

PARIS, France — The valuation of ChatGPT developer OpenAI soared to a chart-topping $500 billion in a deal allowing employees to sell a limited number of shares, financial media reported Thursday.

If confirmed, the sale of a reported $6.6 billion in shares by OpenAI workers to investors would make the company the world’s most valuable startup, overtaking Elon Musk’s ventures.

https://business.inquirer.net/550437/openai-valuation-soars-to-500b-in-private-share-sale-reports

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