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mylesillidge
Journalist
- Joined
- Jul 29, 2021
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Share sale deal values OpenAI at R499 billion
OpenAI, the artificial intelligence lab that developed the viral ChatGPT chatbot and Dall-E image generator, is in talks to sell shares in a tender offering valuing the company at about $29 billion (R499 billion), the Wall Street Journal reported, citing people familiar with the matter.
Venture capital firms Thrive Capital and Founders Fund are in discussions to invest in the deal, which would include the sale of at least $300 million (R5 billion) of shares from existing investors such as employees, the Journal said.
[Bloomberg]
OpenAI, the artificial intelligence lab that developed the viral ChatGPT chatbot and Dall-E image generator, is in talks to sell shares in a tender offering valuing the company at about $29 billion (R499 billion), the Wall Street Journal reported, citing people familiar with the matter.
Venture capital firms Thrive Capital and Founders Fund are in discussions to invest in the deal, which would include the sale of at least $300 million (R5 billion) of shares from existing investors such as employees, the Journal said.
[Bloomberg]