Jan 06, 2023 10:30:00

It is reported that OpenAI, which develops 'ChatGPT', is negotiating a tender offer for about 40 billion yen

The Wall Street Journal reported that OpenAI, the research institute that developed chat AI `

` ChatGPT '', is negotiating to sell existing shares through a public tender offer. OpenAI's valuation is expected to be approximately $29 billion (approximately 3.9 trillion yen), and the stock sale is expected to be at least $300 million (approximately 40 billion yen).

ChatGPT Creator in Investor Talks at $29 Billion Valuation - WSJ
https://www.wsj.com/amp/articles/chatgpt-creator-openai-is-in-talks-for-tender-offer-that-would-value-it-at-29-billion-11672949279

Venture capital firms

Thrive Capital and Founders Fund are involved in the tender offer, according to people familiar with the matter. The new deal will double OpenAI's valuation from about $14 billion (about 1.9 trillion yen) in a preliminary tender offer completed in 2021, The Wall Street Journal reported.

OpenAI, led by technology investor Sam Altman, was founded in 2015 as a non-profit organization for the purpose of researching artificial intelligence. In 2019, we established a commercial division to make it easier to fund the computing power needed to train our algorithms. Compared to large competitors such as Google, whose technology has been delayed due to ethical concerns, ``we can quickly release AI models to the public,'' says The Wall Street Journal. .

In addition to ChatGPT, OpenAI has developed image generation AI DALL E and DALL E 2 , and has made billions of yen in revenue from the sale of software. Major technology companies such as Microsoft are also investing in OpenAI, and it was reported that in 2023 Microsoft plans to deploy new features using ChatGPT on the search engine Bing.

Although OpenAI attracts a lot of attention, some investors are skeptical about whether they can make money from the technology. The tender offer has not reached a final deal and the terms are subject to change, the people said. OpenAI declined to comment when contacted by The Wall Street Journal.