OpenAI in Talks to Sell Shares at Up to $90 Billion Valuation

OpenAI, the artificial intelligence company behind the popular ChatGPT chatbot, is in talks to sell shares in a move that would boost its valuation from $29 billion to somewhere between $80 billion and $90 billion, according to a Wall Street Journal report.

The talks are still in early stages and there is no guarantee of a deal, but if it goes through, it would make OpenAI one of the most valuable private companies in the world.

The company's valuation has been boosted by the success of ChatGPT, which has been used to generate essays, poems, and summaries from simple text-based prompts. TechCrunch also reported this week that ChatGPT is about to get a lot more interactive, with users also able to have a voice conversation with the chatbot.

OpenAI is 49% owned by Microsoft, which invested around $10 billion in the company earlier this year. OpenAI has said that it expects to reach $1 billion in revenue in 2023.

A sale of shares would allow OpenAI to raise new capital to fund its growth and development. It would also be a sign of the company's increasing maturity and attractiveness to investors.

The potential sale of shares is also a reminder of the growing importance of artificial intelligence. OpenAI is at the forefront of AI research and development, and its success is a sign of the potential of AI to revolutionize many industries.