News · Jan 4, 2023
ChatGPT creator OpenAI in talks for tender offer valuing company at $29 bln - WSJ
Reuters: OpenAI in talks for a tender offer at a $29B valuation.
Original source: ReutersBy TenderOffer.co Editorial
Summary
OpenAI is in talks to sell existing shares in a tender offer that would value the AI research lab at about $29 billion, per Reuters citing the WSJ.
What was reported
- Reported valuation: ~$29 billion
- Mechanism: secondary tender for existing shares
- Source: Reuters via WSJ
Why it matters
The $29B OpenAI tender in January 2023 set the ceiling for AI-startup valuations at that point in the cycle and triggered a wave of follow-on AI fundraising.
Auto-extracted from public reporting via TenderOffer.co’s editorial pipeline. Read the original at the source link above.
Sources
- ChatGPT creator OpenAI in talks for tender offer valuing company at $29 bln - WSJ — Reuters (2023-01-05)