OpenAI is purportedly seeking funding with a valuation ranging from $80 billion to $90 billion.
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OpenAI recently secured over $300 million in funding from investors
OpenAI is currently exploring the possibility of selling shares, a move that could significantly increase its valuation. According to sources mentioned in a Wall Street Journal report, the company's valuation, which currently stands at $29 billion, might soar to a range between $80 billion and $90 billion if the sale goes through. Interestingly, rather than issuing new shares, employees may have the opportunity to sell their existing shares.
In addition to this potential share sale, OpenAI recently secured over $300 million in funding from investors. This funding came separately from a substantial investment by Microsoft earlier in the year, estimated to be around $10 billion.
OpenAI's ChatGPT, a popular generative AI assistant, has been a remarkable success, enabling users to create essays, poems, and summaries through text-based prompts.