OpenAI, the developer of ChatGPT, has successfully reached a valuation of $500 billion with a total of $6.6 billion in share sales carried out by its current and former employees.
Within the framework of this agreement, OpenAI employees sold shares to an investor consortium consisting of Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi-based MGX, and T. Rowe Price.
Furthermore, sources indicated that the company allowed for more than $10 billion in share sales in secondary markets. This sale also completed SoftBank's investment in OpenAI's previous $40 billion primary financing round.
OpenAI aims to generate approximately $4.3 billion in revenue in the first half of 2025.
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OpenAI, $500 billion, ChatGPT, share sale, SoftBank, investor consortium, BIST