Slashdot: OpenAI Seeks New Valuation of Up To $90 Billion in Sale of Existing Shares

OpenAI Seeks New Valuation of Up To $90 Billion in Sale of Existing Shares
Published on September 27, 2023 at 12:55AM
OpenAI is talking to investors about a possible share sale that would value the artificial-intelligence startup behind ChatGPT at between $80 billion to $90 billion, almost triple its level earlier this year, WSJ reported Tuesday, citing people familiar with the discussions. From the report: The startup, which is 49% owned by Microsoft, has told investors that it expects to reach $1 billion in revenue this year and generate many billions more in 2024. OpenAI generates revenue mainly by charging individuals for access to a powerful version of ChatGPT and licensing the large language models behind that AI bot to businesses.

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Slashdot: Spain-Backed Fund Joins FOSSA's Sovereign Satellite Communications Push

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Slashdot: AT&T Outlines $250 Billion US Investment Plan To Boost Infrastructure In AI Age

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