OpenAI Valuation Soars to 500 Billion Amid New Share Deal

Landmark Secondary Share Sale Proposed

A significant transaction is on the horizon for OpenAI, as current and former employees are reportedly planning to sell shares worth approximately 6 billion dollars. According to sources familiar with the discussions, this deal involves a prominent investor group featuring Thrive Capital, SoftBank Group Corp, and Dragoneer Investment Group. The proposed sale would value the pioneering AI company, known for ChatGPT, at an astounding 500 billion dollars.

Separate Funding Round Continues

Sources indicate that these talks are in their initial stages, and the final size of the share sale may be subject to change. This secondary investment, which allows employees to cash in on their equity, is separate from another major financial move by the company. It complements SoftBank’s leading role in OpenAI's ongoing 40 billion dollar funding round. That primary funding round, which is still in progress, values the company at 300 billion dollars and has recently secured 8.3 billion from an investor syndicate.