• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, July 14, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Future Tech AI

ChatGPT Creator OpenAI in Talks for $29 Billion Value: WSJ

by Sumbul Farid
January 6, 2023
in AI, Business, Memes, News
Reading Time: 2 mins read
0
Microsoft working on ChatGPT to challenge Google

OpenAI logo displayed on a phone screen and ChatGPT website displayed on a laptop screen are seen in this illustration photo taken in Krakow, Poland on December 5, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

TwitterWhatsappLinkedin

Citing people familiar with the matter, the Wall Street Journal reported on Thursday that OpenAI, the artificial intelligence lab that developed the viral ChatGPT chatbot and Dall-E image generator, is in talks to sell shares in a tender offering valuing the company at about $29 billion.

You might also like

Anant and Radhika Ambani Celebrate First Wedding Anniversary with Special Event for Animals at Vantara

Tesla India Begins in Mumbai July 15, Expanded Showroom Plans Ahead

Nadar Family Beats Azim Premji to Lead India’s Promoter Dividend Earnings in FY25

OpenAI logo displayed on a phone screen and ChatGPT website displayed on a laptop screen are seen in this illustration photo taken in Krakow, Poland on December 5, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

The paper said that Venture capital firms Thrive Capital and Founders Fund are in discussions to invest in the deal, which would also comprise the sale of at least $300 million of shares from existing investors such as employees, the Journal said. The transaction would almost double the company’s valuation from a tender offer in 2021, and would make it one of the most valuable US startups on paper despite having little revenue.

Current backers of OpenAI constitute Microsoft Corp., which has invested $1 billion in the organization. Last month, Reuters publsihed that OpenAI was estimating $200 million in revenue this year and $1 billion yearly by 2024, and was most currently valued at $20 billion.

The company, co-founded by billionaire and investor Elon Musk and Silicon Valley investor Sam Altman, earns money by charging developers to license its technology. For instance, a person familiar with the matter said earlier this week Microsoft, is preparing to add ChatGPT to its Bing search engine, in a bid to lure users from rival Google by offering more conversational replies to queries.

OpenAI’s chatbot is a software application designed to mimic human-like conversation based on user requests and can reply to a large range of questions while imitating human speaking styles.

Harry Shum, Microsoft AI and Research Group executive vice president, and Sam Altman, co-chair of OpenAI. (Photo by Brian Smale)

The firm expects business to upscale as it pitched to investors saying the organization expects $200 million in revenue next year and $1 billion by 2024.

On Tuesday, the Information reported, Microsoft Corp which invested $1 billion in OpenAI in 2019, was working to launch a version of its search engine Bing using the AI behind the now viral ChatGPT.

In 2019, Microsoft had backed San Francisco-based artificial intelligence company OpenAI, offering $1 billion in funding. The two had formed a multi-year partnership to develop artificial intelligence supercomputing technologies on Microsoft’s Azure cloud computing service.
On November 30 2022, OpenAI made its latest creation ChatGPT chatbot available for free public testing. The chatbot is a software application designed to mimic human-like conversation based on user prompts and can respond to a large range of questions while imitating human speaking styles.

Tweet54SendShare15
Previous Post

Asus Showcases Laptop With Glass free 3D OLED panel for CES 2023

Next Post

Top Innovations Powering Governance, Risk and Compliance in 2023

Sumbul Farid

Recommended For You

Anant and Radhika Ambani Celebrate First Wedding Anniversary with Special Event for Animals at Vantara

by Rounak Majumdar
July 13, 2025
0
Anant and Radhika Ambani Celebrate First Wedding Anniversary with Special Event for Animals at Vantara

Anant Ambani and Radhika Merchant, one of India’s most high-profile couples, marked their first wedding anniversary in a truly unique and compassionate way. Instead of the usual grand...

Read more

Tesla India Begins in Mumbai July 15, Expanded Showroom Plans Ahead

by Thomas Babychan
July 13, 2025
0
Tesla India

Tesla, the world’s second-largest electric vehicle manufacturer, has officially confirmed its entry into the Indian market, with its first showroom set to open on July 15, 2025, in...

Read more

Nadar Family Beats Azim Premji to Lead India’s Promoter Dividend Earnings in FY25

by Rounak Majumdar
July 13, 2025
0
Nadar Family Beats Azim Premji to Lead India’s Promoter Dividend Earnings in FY25

In the financial year 2024-25 (FY25), the Nadar family, led by HCL Technologies founder Shiv Nadar, has claimed the top spot in promoter dividend income among Indian business...

Read more
Next Post
Top Innovations Powering Governance, Risk and Compliance in 2023

Top Innovations Powering Governance, Risk and Compliance in 2023

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?