People familiar with the matter: OpenAI is discussing the sale of existing shares with investors, which will value the company at US$80 billion to US$90 billion

Odaily Planet Daily News According to people familiar with the matter, OpenAI is negotiating with investors for the sale of existing shares, which will value the company at US$80 billion to US$90 billion, almost three times that of earlier this year. It is reported that the transaction will allow employees to sell their existing shares rather than raise funds through the issuance of new shares. OpenAI has begun promoting the deal to investors, but terms could still change, people familiar with the matter said. Currently, Microsoft holds 49% of OpenAI’s shares. The company previously told investors it expected revenue to reach $1 billion this year and billions more by 2024. (WSJ)