News Score: Score the News, Sort the News, Rewrite the Headlines

OpenAI hits $500 billion valuation after share sale to SoftBank, others, source says

Oct 2 (Reuters) - OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion, following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source familiar with the matter told Reuters on Thursday.This represents a bump-up from its current valuation of $300 billion, underscoring OpenAI's rapid gains in both users and revenue. Reuters reported details of the stock sale earlier in August.Learn about the latest breakthroughs in AI and tech with...

Read more at reuters.com

© News Score  score the news, sort the news, rewrite the headlines