The reported valuation makes it the world’s most valuable private company. OpenAI has reached a $500bn valuation after current and former employees at the ChatGPT maker sold approximately $6.6bn worth of shares, multiple news publications report. This is up from a $300bn valuation the company announced just this April and makes OpenAI the world’s most valuable private company, bigger than SpaceX and TikTok’s parent ByteDance. Despite the possible negatives, the app makes the consumption of AI-generated content more palatable to users. Other companies such as Meta, with its AI app called Vibes, are trying to achieve the same.