Sam Altman, CEO of OpenAI, recently attended the Allen and Co. Sun Valley Media and Technology Conference where significant news emerged regarding OpenAI’s valuation and stock offerings. OpenAI plans to conduct a secondary sale of approximately $6 billion in shares, valuing the company at an impressive $500 billion. This sale will involve current and former employees selling their stakes to major investors, including SoftBank, Dragoneer Investment Group, and Thrive Capital. These firms are already invested in OpenAI, with Thrive Capital potentially leading the funding round. OpenAI’s valuation skyrocketed following the success of its generative AI chatbot, ChatGPT, launched in late 2022, and a historic $40 billion funding announcement in March. The company recently unveiled GPT-5, promising enhanced capabilities, although users have reported issues with access to previous models. Altman acknowledged the complexities of user preferences in his recent X post.
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