ChatGPT creator OpenAI is in talks to sell shares in a tender offer that would double the startup's valuation to $29 billion

Jan 5 2023 by Business Insider

 
OpenAI is the company behind viral generative platforms like ChatGPT and Dall-E 2.

Photo illustration by Jakub Porzycki/NurPhoto via Getty Images

OpenAI is in talks to sell shares of its company in a tender offer, according to the Wall Street Journal.  A tender offer is a bid to purchase some or all of shareholders' stocks in a company. If the deal goes through, OpenAI would be one of the most valuable US startups despite generating minimal revenue.

The year has started off strong for...

Continue Reading ChatGPT creator OpenAI is in talks to sell shares in a tender offer that would double the startup's valuation to $29 billion