OpenAI eyes $500 billion valuation in potential employee share sale, source says

ChatGPT maker OpenAI is in early-stage discussions about a stock sale that would allow employees to cash out and could value the company at about $500 billion, a source familiar with the matter said.

Existing investors, including Thrive Capital, are in discussions to participate, said the source, who requested anonymity because the talks are private.

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The $500 billion valuation is an eye-popping bump-up from the $300 billion valuation that the Microsoft-backed company currently has. The share sale would offer a financial incentive to employees as technology giants such as Meta compete aggressively for AI researchers with lucrative compensation packages.

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Thrive Capital declined to comment. Bloomberg first reported the potential sale on Tuesday.