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OpenAI, the company behind ChatGPT, in talks for tender offer

MarketWatch: “Artificial-intelligence research company OpenAI is in discussions over potentially selling at least $300 million in shares in a tender offer that would give it a roughly $29 billion valuation, the Wall Street Journal reported Thursday. The offering of shares of OpenAI — known for AI programs like the chatbot ChatGPT and the image-generator Dall-E 2 — would make it among the most highly-valued startups in the U.S., the Journal said. The valuation would be more than twice its valuation of $14 billion in 2021, according to the Journal. Thrive Capital and Founders Fund are in discussions to invest in the offering, under which existing shareholders would sell their shares to other investors, according to the Journal, which cited people familiar with the matter. The deal terms could change and have not been finalized..”

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