ChatGPT’s Popularity Boosts OpenAI’s Value To $29 Billion

According to a report from The Wall Street Journal, research lab OpenAI, the developer of ChatGPT, is considering a tender offer that would value the company at around $29 billion.

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The offer would involve purchasing a specified number of shares from existing shareholders at a fixed price and would roughly double OpenAI’s valuation from a previous tender offer completed in 2021, when the company was valued at around $14 billion.

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The deal is reportedly being negotiated with venture capital firms Thrive Capital and Founders Fund. If it goes through it would make OpenAI one of the most valuable startups in the United States.

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The significant increase in the company’s value is likely due in part to the widespread popularity of ChatGPT, which gained over a million users within the first five days of being made available to the public.

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Given that OpenAI’s most popular product is offered for free, it may seem surprising that the company is valued so highly.

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OpenAI generates millions in revenue by selling its AI software to developers. OpenAI is currently providing cloud services to Microsoft for tools that allow users to create text, code, and imagery using simple instructions.

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ChatGPT’s Popularity Boosts OpenAI’s Value To $29 Billion

ChatGPT developer OpenAI is reportedly considering a tender offer valuing the company at $29 billion, making it one of the most valuable US startups.

Brought to you by Trickyenough

According to a report from The Wall Street Journal, research lab OpenAI, the developer of ChatGPT, is considering a tender offer that would value the company at around $29 billion.

Brought to you by Trickyenough

The offer would involve purchasing a specified number of shares from existing shareholders at a fixed price and would roughly double OpenAI’s valuation from a previous tender offer completed in 2021, when the company was valued at around $14 billion.

Brought to you by Trickyenough

The deal is reportedly being negotiated with venture capital firms Thrive Capital and Founders Fund. If it goes through it would make OpenAI one of the most valuable startups in the United States.

Brought to you by Trickyenough

The significant increase in the company’s value is likely due in part to the widespread popularity of ChatGPT, which gained over a million users within the first five days of being made available to the public.

Brought to you by Trickyenough

Given that OpenAI’s most popular product is offered for free, it may seem surprising that the company is valued so highly.

Brought to you by Trickyenough

OpenAI generates millions in revenue by selling its AI software to developers. OpenAI is currently providing cloud services to Microsoft for tools that allow users to create text, code, and imagery using simple instructions.

Brought to you by Trickyenough