OpenAI is in discussions to sell shares held by current and former employees, potentially valuing the company at $500 billion. This valuation would exceed SpaceX, currently worth $350 billion. Investors such as Thrive Capital and SoftBank are involved in these talks, aiming to purchase employee shares to motivate staff. OpenAI faces competitive pressure from Meta, which has targeted OpenAI personnel. The company is also preparing to launch updates to its AI models, specifically previewing developments related to ChatGPT's next version, GPT-5.
OpenAI is reportedly in early talks about a sale of shares held by current and former employees that would price the ChatGPT developer at half a trillion dollars.
The valuation would exceed that of Musk's rocket company, which is currently worth $350bn and is reportedly circling a $400bn price tag in a new fundraising.
Tech startups are known to arrange employee share sales to motivate staff and bring in investors, which may also help retain leading staff members amid competitive pressures.
OpenAI is also preparing to release an upgraded version of the model powering ChatGPT, with indications shown of the latest AI model, GPT-5.
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