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OpenAI seeks valuation of up to $90 billion in sale of existing shares

OpenAI is talking to investors about a possible share sale that would value the artificial-intelligence startup behind ChatGPT at between $80 billion to $90 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The deal is expected to allow employees to sell their existing shares as opposed to the company issuing new ones to raise additional capital, according to the report.

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OpenAI representatives have begun pitching investors on the deal, though it is possible the terms could change, WSJ reported.

OpenAI did not immediately respond to a Reuters’ request for comment.

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