OpenAI is negotiatingAccording to Bloomberg, the sale of shares held by its employees, which would make it reach a valuation of around $86 billion. Apparently he is negotiating with several potential investors about the investment of each of them in the company, although there are still no closed details about the processes. (sweet-factory)
Apparently, even the terms of the share sale are still under negotiation, as well as the amounts to be paid for the securities. OpenAI has also not yet finalized the distribution of shares for each interested investor, which means that all aspects of the sale of the securities may change.
Currently, Microsoft already owns 49% of the shares of OpenAI, which currently has Sam Altman as CEO and Greg Brockman as President. Approximately nine months ago, those from Redmond made an investment of 10,000 million dollars in the company, in exchange for a good pinch of its shares. However, it will be a minority stake, and Microsoft will pay the promised amount over several years.
If it achieves the valuation it wants as a result of the sale of its shares, it will be one of the most highly valued closed corporations, only behind Elon Musk’s SpaceX, or TikTok, a subsidiary of the Chinese company ByteDance.
Some investors, such as Khosla Ventures, have also managed to access blocks of shares in the company through various public offerings that the company has made. Of course, Sam Altman has already made it clear on several occasions that he has no intention of taking the company public. He also has no intention of selling it to a single buyer, but rather he prefers that there be several companies and investors who are its shareholders.
As the end of the negotiations arrives, and its details, OpenAI is on track to exceed $1 billion in revenue, since the number of companies that are adopting its technology in various aspects of their operations is increasing. And it shows no signs of slowing down. At least in the short term.
