U.S. News

ChatGPT Maker OpenAI May Already Be Worth $90 Billion

AI PAYDAY

That would make it one of the world’s most valuable private startups.

OpenAI cofounder Sam Altman.
Reuters/Amir Cohen

Less than a year after launching the viral chatbot ChatGPT, OpenAI is discussing raising more money at a valuation between $80 billion and $90 billion, according to The Wall Street Journal. That’s roughly the same market value as Uber, which was founded in 2009. It’s not clear whether the deal will materialize, and the possible new fundraising is apparently intended to let employees cash in their stock, rather than increase the business’ war chest. OpenAI thinks it will generate $1 billion in revenue in 2023, the Journal reports.

Read it at The Wall Street Journal

Got a tip? Send it to The Daily Beast here.