OpenAI, the creator of ChatGPT and backed by major investors like Microsoft (MSFT) and SoftBank (SFTBY), is negotiating a $6 billion share sale from current and former employees. This deal could value OpenAI at approximately $500 billion, positioning it as the world’s most valuable privately held company, as reported by The New York Times. Following a valuation surge from $157 billion in October to $300 billion in March, this potential transaction highlights OpenAI’s explosive growth in the tech sector. Investors seeking to enhance their strategies can benefit from TipRanks Premium, now available at a 50% discount. Unlock comprehensive investing tools, advanced data, and expert analyst insights to invest with confidence. Keep abreast of OpenAI’s developments and market trends to stay ahead in your investing journey.
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