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OpenAI Completes $7 Billion Secondary Share Sale at $852 Billion Valuation
['Shailja Jha']
TechStory
OpenAI has completed a massive $7 billion secondary share sale that values the artificial intelligence company at approximately $852 billion, marking another extraordinary milestone in the rapid rise of one of the world’s most valuable private technology companies.
The $852 billion valuation puts OpenAI in a league previously occupied mainly by the world’s largest public technology companies.
A $7 billion secondary sale is enormous by private-market standards and demonstrates the depth of investor appetite for OpenAI shares.
A Potential IPO Comes Into FocusThe enormous secondary transaction is also likely to intensify speculation about OpenAI’s eventual public-market future.
With its valuation reaching $852 billion, OpenAI has moved far beyond the status of a promising artificial intelligence startup.