OpenAI to reach $90bn valuation if it allows employees to sell their shares - media outlet
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OpenAI is in talks with investors about the possibility of an employee stock sale. In case of a deal, the value of the startup will grow to $90bn.
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According to media reports, instead of issuing new shares, OpenAI is considering the option of selling employee-owned securities. This will allow the team to receive high compensation and the startup to attract new investors.
The financial terms of the potential deal are not disclosed. However, the company's valuation could rise to $80-90bn.
OpenAI previously sold $300m worth of shares in 2022 at a valuation of $30bn, with Microsoft holding a 49% stake after a $10bn investment.
If the deal goes through, Microsoft will get a significant return on its investment in OpenAI.
Source: The Wall Street Journal