News · Jan 5, 2023
OpenAI eyes $29 billion valuation, incorporation into Microsoft Bing
OpenAI is in talks for a tender offer that would value the company at ~$29B.
Original source: FortuneBy TenderOffer.co Editorial
Summary
OpenAI was in talks in early January 2023 for a tender offer that would value the company at approximately $29 billion, per Fortune. The transaction would have made OpenAI one of the most valuable US startups.
What was reported
- Reported valuation: $29 billion
- Mechanism: tender offer
- Context: discussions reported alongside Microsoft Bing integration plans
Why it matters
The January 2023 $29B mark, which closed shortly after, was an early signal of the AI-investment surge that would dominate the rest of 2023 and 2024.
Auto-extracted from public reporting via TenderOffer.co’s editorial pipeline. Read the original at the source link above.
Sources
- OpenAI eyes $29 billion valuation, incorporation into Microsoft Bing — Fortune (2023-01-06)