OpenAI Eyes $500B Valuation in Potential Secondary Stock Sale

OpenAI is in discussions with investors regarding a potential secondary stock sale that could value the artificial intelligence leader at approximately $500 billion, according to sources familiar with the talks. The proposed transaction, still in early stages, would allow current and former employees to sell shares. Existing investor Thrive Capital is reportedly positioned to lead the deal.

The move follows OpenAI’s rapid valuation climb, including a $40 billion funding round initiated in March at a $300 billion valuation, and the recent $8.3 billion tranche announced last week. OpenAI’s momentum continues with the release of two open-weight models and a reported 700 million weekly active users on ChatGPT. Annual revenue is projected to surpass $20 billion by year-end.

James Dargan

James Dargan is a writer and researcher at The AI Insider. His focus is on the AI startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

Share this article:

AI Insider

Discover the future of AI technology with "AI Insider" - your go-to platform for industry data, market insights, and groundbreaking AI news

Subscribe today for the latest news about the AI landscape