According to TechFlow, the Wall Street Journal quoted people familiar with the matter as saying that OpenAI is negotiating with investors about a potential stock sale, and the company's valuation will reach 80 billion to 90 billion US dollars, almost three times that of earlier this year.
The deal will allow employees to sell their existing shares, rather than raise new funds by issuing new shares, the people said. OpenAI has begun marketing the deal to investors, though the terms could still change, people familiar with the matter said. OpenAI was co-founded by Sam Altman and Microsoft has invested $13 billion in it. The company previously told investors it expects revenue of $1 billion this year and billions more by 2024.
