Five weeks ago, OpenAI, a San Francisco artificial intelligence lab, released ChatGPT, a chatbot that answers questions in clear, concise prose.
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The lab is in talks to complete a deal that would value it at around $29 billion, more than twice its valuation in 2021, two people with knowledge of the discussions said.
The potential deal where OpenAI would sell existing company shares in a so-called tender offer could total $300 million, depending on how many employees agree to sell their stock, they said.
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Investors, pundits and journalists have talked up artificial intelligence for years, but the new wave the result of more than a decade of research represents a more powerful and more mature breed of A.I.
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Ultimately, it could provide a new way of interacting with almost any software, letting people chat with computers and other devices as if they were chatting with another person.
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More than 450 start-ups are now working on generative A.I., by one venture capital firm's count.
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