OpenAI aims to achieve a valuation of up to $90 billion

September 29, 2023 by
Frank Calviño

OpenAI - the company that created ChatGPT - aims for a valuation of up to $90 billion, specifically, according to The Wall Street Journal. Currently, the firm is seeking investors for a stock placement in which it sets a benchmark valuation between $80 billion and $90 billion.

The newspaper underlines that the shares to be placed would come from those held by OpenAI employees. This would point to significant benefits for Microsoft, which controls 49% of the capital and agreed to an investment in OpenAI last January with a reference valuation of around $30 billion.

According to TWSJ, the company has conveyed to potential investors that it expects to generate revenues of about $1 billion this 2023 and several billion in 2024.

The stock sale deal would amount to several hundred million dollars from minority employee stakes. The valuation would make OpenAI one of the most valuable unlisted technology companies in the world.

OpenAI value was raised by Microsoft 

Recently Microsoft made a  “multiyear, multibillion-dollar” investment in OpenAI valued at over $10 billion. 

Microsoft had already invested more than $3 billion in OpenAI, and the new deal reinforced Microsoft's public stand regarding AI implementation. So far, the company created by Bill Gates truly believes that AI companions and AI tools will be an integral part of our near future. 

In fact, in this same spirit, Microsoft has recently announced the launch of the Copilot AI ecosystem. A full-fledged network of solutions all controlled by the same AI assistant - the eponymous Copilot. The first of these solutions was already presented under the name of Microsoft 365 Chat, aiming at providing support to Microsoft suite users.

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