OpenAI in Talks to Sell Shares, Potentially Raising Valuation to $90 Billion.

Key Points:

• OpenAI is discussing selling shares, which may increase the company’s valuation from $29 billion to $80-$90 billion.
• The Wall Street Journal report cites sources familiar with the ongoing talks.
• In April, OpenAI secured more than $300 million in funding from investors such as Tiger Global and Samsung Catalyst Fund.

Hot Take:

OpenAI is making moves, folks! According to a Wall Street Journal report, the AI powerhouse is in talks to sell shares that could catapult its valuation from $29 billion to a jaw-dropping $80-$90 billion. Talk about AI domination! OpenAI already banked over $300 million in funding this past April from high-profile investors like Tiger Global and Samsung Catalyst Fund. Is it time for OpenAI to truly flex its AI muscles with a massive valuation bump? Stay tuned to find out!