According to news on October 19, OpenAI is negotiating with potential investors to sell employee shares, valuing the company at US$86 billion, according to people familiar with the matter. OpenAI, headquartered in San Francisco, is the startup that developed ChatGPT. OpenAI is discussing a stake sale with potential investors, people familiar with the matter said. Some sources said that the company has not yet determined the distribution plan and the specific terms may change.
OpenAI is led by CEO Sam Altman and President Greg Brockman, and Microsoft holds a 49% stake in the company. If the deal goes through, OpenAI will surpass companies such as Stripe and Chinese online retailer Shein at $86 billion and become one of the world's most valuable unlisted holding companies, second only to Elon Musk's SpaceX and TikTok parent company ByteDance.
Representatives for OpenAI did not immediately respond to a request for comment.
Reports in August this year pointed out that OpenAI is expected to create annual revenue of US$1 billion as enterprises widely adopt artificial intelligence technology.
Last month, there were reports that OpenAI was exploring the possibility of selling shares, which would value the company at $80 billion to $90 billion.