OpenAI engages in share sale talks at $86 billion valuation
Two weeks earlier, FTX’s $500 million investment in Anthropic in 2022 was said to be a game-changer for creditors. Now its rival, OpenAI, responsible for ChatGPT, received a valuation of $86 billion. A valuation higher than Stripe The team at the artificial intelligence startup responsible for ChatGPT is in the midst of negotiations regarding a transaction, commonly referred to as a tender offer, with potential investors, according to individuals familiar with the matter. The company has not yet finalized the allotments, and it’s possible that the terms may still change, as indicated by some of these sources. Open AI, FTX's Anthropic competitor, in talks to sell shares at a $86bn valuation pic.twitter.com/idsMS25AJY — Sunil (FTX Creditor Champion) (@sunil_trades) October 19, 2023 OpenAI, which has a 49 percent ownership stake held by Microsoft Corp., is under the leadership of CEO Sam Altman and President Greg Brockman. You might also like: SBF trial day 11: finan