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Valuation of US$90 billion: It is reported that OpenAI plans to sell hundreds of millions of dollars in shares, and employees are expected to have financial freedom

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Release: 2023-09-28 09:01:02
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According to news from this website on September 27, according to people familiar with the matter disclosed by the Wall Street Journal, the artificial intelligence startup OpenAI is discussing with investors about selling shares, The valuation is approximately US$80 billion to US$90 billion (Note from this site: currently about 584.8 billion to 657.9 billion yuan), almost three times the amount at the beginning of this year.

The startup has told investors that it expects to hit $1 billion in revenue this year (currently about 7.31 billion yuan), and will add several more by 2024, people familiar with the matter said. Billion dollars.

The deal will allow employees to sell existing shares, rather than the company issuing new shares to raise new capital, the report said. OpenAI has begun pitching investors on the deal, but terms could still change, people familiar with the matter said.

OpenAI becomes one of the most highly valued startups, reaching a valuation of at least $80 billion. Microsoft has previously invested US$13 billion (approximately 95.03 billion yuan) in OpenAI, which was co-founded by Sam Altman.

Employee-owned shares may be sold A minimum price will be set to entice any outside investors to provide additional financing. OpenAI is widely expected to raise more money through the issuance of new shares to cover the computing costs needed to develop and maintain its artificial intelligence systems.

According to people familiar with the matter, OpenAI plans to make Microsoft a minority shareholder, which means that Microsoft may not be able to purchase a sufficient number of shares to achieve a holding ratio of more than 50%

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source:ithome.com
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