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What is the news on OpenAI?

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OpenAI is experiencing rapid growth, targeting a $500 billion valuation and restructuring as a public benefit corporation. ChatGPT is set to reach 700 million weekly active users, and OpenAI has released two new open-weight AI models for developers. The company is also negotiating major funding rounds and expanding business adoption.

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OpenAI targets $500B valuation

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  • OpenAI is targeting a $500 billion valuation through a new employee share sale.
  • The secondary sale is expected to exceed the previous $1.5 billion buyback due to increased investor demand. 13s
  • OpenAI is restructuring into a public benefit corporation as part of a $40 billion fundraise. 2m 13s
  • Microsoft is expected to hold 30-35% equity in the new for-profit entity, with ongoing negotiations about their partnership. 3m 1s
  • OpenAI is seeking more flexibility in cloud partnerships and aims to retain top AI talent amid industry competition. 3m 18s
Artificial IntelligenceBusinessTechnology

References

OpenAI targets $500B valuation
Icon
CNBC
4 hours ago
OpenAI targets $500B valuation

OpenAI is seeking a $500 billion valuation through a large employee share sale, driven by strong investor demand and a recent $8.3 billion fundraising round.

OpenAI targets $500B valuation
Icon
CNBC
4 hours ago
OpenAI targets $500B valuation

OpenAI is restructuring into a public benefit corporation as part of its $40 billion fundraising, aiming to serve both public good and shareholder interests.

OpenAI releases two new open-weight AI models
Icon
CNBC
1 day ago
OpenAI releases two new open-weight AI models

OpenAI released two new open-weight AI models, allowing developers to download and modify certain parameters, making the technology more accessible.

OpenAI releases two new open-weight AI models
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CNBC
1 day ago
OpenAI releases two new open-weight AI models

This marks a shift in OpenAI's strategy, making its technology more accessible than in recent years, as developers can now use models outside of cloud applications.

OpenAI: ChatGPT set to hit 700 million weekly active users this week
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CNBC
2 days ago
OpenAI: ChatGPT set to hit 700 million weekly active users this week

ChatGPT is set to reach 700 million weekly active users, up from 500 million in March, with daily user messages now exceeding 3 billion.

OpenAI: ChatGPT set to hit 700 million weekly active users this week
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CNBC
2 days ago
OpenAI: ChatGPT set to hit 700 million weekly active users this week

OpenAI has 5 million paying business users and recently secured $8.3 billion in funding, pushing annual recurring revenue to $13 billion and tracking toward $20 billion by year-end.

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