OpenAI Seeks New Valuation of Up to $90 Billion in Sale of Existing Shares

OpenAI is talking to investors about a share sale that would value the artificial-intelligence startup behind ChatGPT at between $80 billion to $90 billion, roughly triple its level earlier this year. The startup, which is 49% owned by Microsoft, has told investors that it expects to reach $1 billion in revenue this year and generate many billions more in 2024, people familiar with the discussion said.

Source: WSJ News Exclusive | OpenAI Seeks New Valuation of Up to $90 Billion in Sale of Existing Shares