OpenAI’s Valuation Soars to $90 Billion Amid AI Investment Boom
San Francisco-based technology company OpenAI is reportedly in discussions to sell its existing shares, a move that could catapult its valuation to an astounding $80 to $90 billion. These revelations come from undisclosed sources cited by both Reuters and the Wall Street Journal. The substantial valuation surge reflects the ongoing boom in AI investments, positioning OpenAI as one of the world’s most valuable privately held firms.
This potential valuation increase represents nearly a tripling of OpenAI’s worth compared to an earlier share sale in 2023, as reported by the Wall Street Journal. Notably, the proposed sale is not intended to raise fresh capital but rather to allow current shareholders and insiders to divest their holdings.
The timing of this news is particularly intriguing, coinciding with