According to people familiar with the matter, the Wall Street Journal reported thatartificial intelligence (AI)newly established enterpriseOpenAIis considering a stock sale that could value it at $80 billion to $90 billion, nearly triple what it was at the beginning of this year.
This message states thatOpenAItold investors that it expects revenues to reach $1 billion this year and to increase further by billions of dollars by 2024.
The deal was planned to allow employees to sell their existing stock, rather than the company issuing new shares to raise new capital. Although OpenAIhas begun marketing the deal to investors, but the exact terms are still subject to change.
If OpenAI reaches a valuation of at least $80 billion, that would make it one of the most highly valued startups in the world.Microsoft corporationIt has previously invested $13 billion in OpenAI, which was co-founded by Sam Altman.
The employee equity sale may set a minimum price to attract outside investors to provide additional financing. It is generally expected that OpenAI may raise additional funds through the issuance of new shares to cover the computational costs required to develop and maintain its AI systems.
Additionally, OpenAI is interested in having Microsoft take a minority stake in the company, which could mean that Microsoft may not be able to purchase a sufficient number of shares to push its stake above 50% to achieve a controlling stake. This development will allow OpenAI employees to hopefully share in the wealth from the company's rising valuation, marking a potential era of wealth freedom for the company.
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