Open AI, the company that kicked off artificial-intelligence frenzy this year with its generative AI ChatGPT, is considering a sale of existing shares that would value the startup at up to $90 billion, the Wall Street Journal reported Tuesday, citing unnamed sources close to the plans. Microsoft Corp.
MSFT,
which has invested billions of dollars in OpenAI, owns a 49% stake in the company, and the deal would allow employees to sell existing shares, according to the Journal. OpenAI has forecast reaching revenue of $1 billion this year, with multiple billions expected in 2024.
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