OpenAI, the maker of the popular AI chatbot ChatGPT, is reportedly in talks to sell existing shares in a deal that could value the company at $80 to $90 billion. This would make it one of the world’s most valuable privately held companies.
The news comes amid a booming AI investment market, with investors eager to get in on the next big thing. ChatGPT has been hailed as a breakthrough in AI, capable of generating human-like text based on user prompts. Its popularity has helped to fuel excitement around AI ventures, and has attracted significant investment to the sector.
OpenAI’s valuation has tripled since the start of the year, and the company is now valued at nearly 100 times more than it was when it was founded in 2015. The proposed share sale would not raise any new capital for the company, but would allow existing shareholders and insiders to cash out some of their stakes.
The news is also a sign of the growing rivalry among global tech giants to develop and exploit the potential of generative AI. Microsoft has already invested billions of dollars in OpenAI, and other companies like Google, Meta, and Amazon are also pouring resources into AI research and development.
Generative AI has the potential to revolutionize many industries and aspects of our lives, but it also poses some potential risks. For example, the technology could be used to spread misinformation or create deepfakes. Tech companies are working to address these risks, but they remain a challenge.
Overall, the news of OpenAI’s skyrocketing valuation is a sign of the growing excitement and investment in AI technology. It is also a reminder of the potential impact of AI on our lives, and the importance of addressing the potential risks.