It is reported that OpenAI is in talks with investors about a stock sale that could value the company at approximately $80 billion to $90 billion, nearly tripling its value from earlier this year.

According to The Wall Street Journal, it is speculated that instead of issuing new shares to raise additional capital, the company may allow its employees to sell their existing shares. Insiders familiar with the discussions claim that OpenAI has begun presenting the deal, indicating expectations of reaching $1 billion in revenue this year and billions more in 2024. In fact, the $1 billion revenue projection aligns with a report from inside the company in August, including names of employees, which was tied to the revenue increase associated with the monthly $20 premium version of ChatGPT, released in February.

The Wall Street Journal reports that OpenAI is targeting to sell several hundred million dollars’ worth of existing shares to Silicon Valley investors. Bidding for the shares has garnered significant interest, primarily from previous investors like Sequoia Capital Global Advisors and Khosla Ventures, with SoftBank among others showing strong interest.

If the stock sale proceeds, OpenAI will not raise additional operational funds but will only allow employees to sell a portion of their shares. Furthermore, another advantage of this stock sale would be a new valuation. OpenAI’s reported valuation was approximately $30 billion in January, following a $10 billion investment from Microsoft. The aim now is to reach a valuation of $90 billion through this stock sale.

The developments in this regard will be closely watched in the coming period.

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