Reuters World BusinessY LegalY Morev aan a вии к Summary Companies $500 billion valuation would be huge jump from current $300 billion Tech giants competing intensely to recruit and retain talent Bols

Reuters
World BusinessY LegalY Morev
aan
a
вии
к
Summary
Companies
$500 billion valuation would be huge jump from current $300 billion
Tech giants competing intensely to recruit and retain talent
Bolstered ChatGPT, OpenAl has made big gains in revenue and users
Aug 5 (Reuters) ChatGPT maker ОрепА! is in early-stage discussions about a stock sale that would allow
employees to cash out and could value the company at about $500 billion, a source familiar with the
matter said.
That would represent an eye-popping bump-up from its current valuation of $300 billion, with the sale
underscoring both OpenAl's rapid gains in users and
nue as well as the intense competition among
artificial intelligence firms to secure talented workers.
return on investment: 29
years
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totally not a bubble bro
The transaction, which would come before a potential IPO, would allow current and former employees to
sell several billion dollars worth of shares, said the source, who requested anonymity because the talks are
500 birrion more dorra senpai be burn rate
Bolstered its flagship product ChatGPT, OpenAl doubled its revenue in the first seven months of the
year, reaching an annualized run rate of $12 billion, and is on track to reach $20 billion year-end, the
source added.
Microsoft-backed (MSFT.O) (3 OpenAl has about 700 million weekly active users for its ChatGPT products,