OpenAI staff seek $6 billion share sale to SoftBank, Thrive Capital ...Middle East

The deal could value the ChatGPT maker at $500 billion, a significant jump from its current $300 billion valuation.

SoftBank, Thrive Capital, and Dragoneer Investment Group, all existing OpenAI investors, have not yet commented on the potential transaction.

The secondary share sale follows SoftBank’s involvement in OpenAI’s $40 billion primary funding round.

The company is projected to reach $20 billion in revenue by year-end, driven by ChatGPT’s success.

Microsoft-backed OpenAI now boasts 700 million weekly ChatGPT users, up from 400 million in February. - Reuters

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