From non-profit to $500 billion: Sam Altman’s OpenAI’s dizzying valuation rise

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Founded in December 2015 as a nonprofit, which Elon Musk will keep reminding chief executive Sam Altman, OpenAI has evolved over the past decade to become one of the world’s most valuable private technology companies.

OpenAI’s market cap: a timeline

It started with grants, donations, and modest investments from technology leaders. But recent reports suggest that OpenAI is approaching a $500 billion market capitalisation as current and former employees may sell some shares. The company’s valuation remained comparatively low during its early years while…



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From non-profit to $500 billion: Sam Altman’s OpenAI’s dizzying valuation rise



Founded in December 2015 as a nonprofit, which Elon Musk will keep reminding chief executive Sam Altman, OpenAI has evolved over the past decade to become one of the world’s most valuable private technology companies.

OpenAI’s market cap: a timeline

It started with grants, donations, and modest investments from technology leaders. But recent reports suggest that OpenAI is approaching a $500 billion market capitalisation as current and former employees may sell some shares. The company’s valuation remained comparatively low during its early years while…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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