OpenAI's valuation soars to $86 billion amidst share sale negotiations, boosted by ChatGPT's success

OpenAI, the parent company of the popular artificial intelligence chatbot ChatGPT, is currently engaged in discussions about the sale of shares at an impressive valuation of $86 billion, according to sources reported by Bloomberg. The valuation of OpenAI has almost tripled since the beginning of the year, signifying significant growth and success for the company.

This potential sale of shares follows the company's plans to allow employees to sell their existing shares, a move aimed at preventing the issuance of new shares to raise additional capital. While OpenAI has not finalized the distribution of assets, the valuation is expected to bring substantial profits, particularly for Microsoft, which has a 49% stake in the company.

Earlier reports from The Wall Street Journal (WSJ) had indicated that the discussions surrounding the share sale would position OpenAI's valuation between $80 billion and $90 billion. This significant surge in valuation is a testament to the company's impressive performance in the field of artificial intelligence and technology.

If the deal goes through, OpenAI will surpass the valuation of prominent companies like Shein, establishing itself as one of the most valuable companies globally, trailing only behind SpaceX and ByteDance, the parent company of TikTok.

With the company's monthly revenue reaching an impressive $80 million by August, and its annual revenue nearing the $1 billion mark, OpenAI continues to solidify its position as a leading player in the AI industry. The company's strategic approach of licensing AI technology to various businesses for implementation into their products and processes has significantly contributed to its remarkable growth trajectory.