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Investing.com -- OpenAI, the creator of ChatGPT, is discussing a deal to sell $6 billion in shares owned by current and former employees to investors at a valuation of approximately $500 billion, according to a report from the New York Times (NYSE:NYT), citing sources familiar with the negotiations.
If completed at this valuation, the San Francisco-based artificial intelligence company would become the world’s most valuable privately held company, based on data from start-up tracker CB Insights.
The AI lab has secured billions in funding in recent years from major investors including Microsoft (NASDAQ:MSFT), SoftBank (TYO:9984), and various venture capital firms as it competes for leadership in the artificial intelligence sector.
OpenAI’s potential $500 billion valuation highlights the extraordinary growth in the AI industry and investor confidence in the company behind the popular ChatGPT service.
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