Artificial Intelligence

ChatGPT parent valued at $86bn after employee share sale deal

Offer makes the Sam Altman-led company OpenAI one of the most valuable start-ups in the world

OpenAI has completed a deal allowing employees to sell stakes in the company, according to a person familiar with the matter.

The tender offer values the artificial intelligence start-up at $86 billion (€79.8 billion), a price that makes OpenAI one of the most valuable start-ups in the world. Bloomberg previously reported the value and that Thrive Capital, the venture capital firm led by Josh Kushner, would lead the deal.

OpenAI and Thrive Capital declined to ...