According to the Wall Street Journal, ChatGPT creator Sam Altman is in investor talks at a $29 billion valuation with venture capital companies Thrive Capital and Founders Fund, which are in discussions to invest in the deal.
ChatGPT, the popular new chatbot that utilises artificial intelligence to generate essays and cover letters, has had a solid start to the year. ChatGPT may eventually challenge Google as a search engine.
The startup OpenAI, which created ChatGPT, is in discussions to sell current shares of its business in a tender offer that would value it at $29 billion, according to the Wall Street Journal.
According to people familiar with the matter, venture capital companies Thrive Capital and Founders Fund are in discussions to invest in the deal, and their investment would amount to at least $300 million in share sales.
Investors buy shares from current shareholders in a tender offer. The Journal stated that in this instance, that also applies to OpenAI's e...
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