OpenAI is reportedly exploring the option of offering shares for sale, a move that could elevate the company’s worth from $29 billion to a range between $80 billion and $90 billion, as per sources cited by The Wall Street Journal.
Notably, this initiative would permit employees to sell their existing shares, rather than the company issuing new ones.
Potential sale would value startup at roughly triple where it was set earlier this year.
OpenAI is an AI research and deployment company.
OpenA is the artificial intelligence company that created ChatGPT, a popular AI generative assistant.
The 80 billion and $90 billion valuation will make OpenAi to be rank with the likes of TikTok owner ByteDance and SpaceX and surpassing companies like Shein.
According to The Wall Street Journal, OpenAI is backed largely by Microsoft, which owns 49% shareholding.
OpenAi competes with Google Bard AI, which was launched earlier this year and to also jostle with Amazon, which on Monday announced a $4 billion investment in AI startup Anthropic.
Also read: OpenAI Is Rolling Out New Voice And Image Capabilities In ChatGPT
OpenAI announced today in iots blog that it is rolling out new voice and image capabilities In ChatGPT.
“They offer a new, more intuitive type of interface by allowing you to have a voice conversation or show ChatGPT what you’re talking about,” said OpenAI.
The company added that voice and image give you more ways to use ChatGPT in your life.
You can now snap a picture of a landmark while traveling and have a live conversation about what’s interesting about it.
“When you’re home, snap pictures of your fridge and pantry to figure out what’s for dinner (and ask follow up questions for a step by step recipe). After dinner, help your child with a math problem by taking a photo, circling the problem set, and having it share hints with both of you,” said OpenAI
