"If completed, the deal would increase OpenAI's valuation by nearly two-thirds, up from its last known $300 billion mark."
"This would place the AI pioneer above SpaceX, which is currently valued at around $350 billion."
"Meta has already poached key hires from OpenAI, reportedly offering signing bonuses of up to $100 million."
"Altman recently shared a screenshot hinting at the release of GPT-5, the latest iteration of its flagship AI model."
OpenAI is reportedly negotiating a potential share sale that could elevate its valuation to $500 billion, surpassing SpaceX's estimated worth of $350 billion. This transaction may involve shares held by employees, with Thrive Capital potentially buying in at the higher valuation. The share sale might serve as a retention strategy amid intense competition from Meta, which has already attracted talent from OpenAI. Recently, OpenAI announced developments, including the anticipated release of GPT-5 and new open-source AI models to broaden accessibility.
Read at Business Matters
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