OpenAI Inc., the company behind the artificial intelligence-powered chatbot tool ChatGPT, has received a tender offer from investors that could increase its valuation to $29 billion.
According to a Wall Street Journal report today, venture capitalist firms Founders Fund and Thrive Capital are in talks to invest in the hot startup in a deal in which they would buy shares from existing OpenAI shareholders such as its employees. If the transaction goes through, it will more than double OpenAI’s previous valuation of $14 billion, which was established following its most recent tender offer in 2021. OpenAI recently captured the public’s attention with the release of its viral chatbot tool ChatGPT late last year. The chatbot can respond intelligently and human-like to almost any question, even complex ones like “describe a debate between two students about the value of education.”
