OpenAI in talks to sell shares - The value of these assets could reach around $500 billion
OpenAI is in talks with investors about a potential share sale at a valuation of roughly $500 billion, according to two sources with knowledge of the matter.
The talks are in the early stages and will include a secondary sale of shares by current and former employees, said the sources, who asked not to be identified because the discussions are confidential. Thrive Capital, an investor in OpenAI, is expected to lead the potential round.
OpenAI's valuation has been on a steady rise since the AI startup launched ChatGPT in late 2022 and quickly became a leader in generative AI. The company announced a $40 billion funding round in March at a valuation of $300 billion, by far the largest ever raised by a private tech company.
Last week, OpenAI announced the latest $8.3 billion tied to that funding round.
OpenAI has released two open language models for the first time since the launch of GPT-2 in 2019. The models are intended to serve as lower-cost options that developers and researchers can easily use and customize, OpenAI said. The company added that ChatGPT was on track to reach 700 million weekly active users.
Meanwhile, OpenAI rival Anthropic is in talks to secure between $3 billion and $5 billion in new funding, led by Iconiq Capital, at a potential valuation of $170 billion, up from $61.5 billion in March.
OpenAI's annual recurring revenue is projected to exceed $20 billion by the end of the year, up from $10 billion in June.

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