OpenAI Seeks New Valuation of Up To $90 Billion in Sale of Existing Shares

OpenAI is talking to investors about a possible share sale that would value the artificial-intelligence startup behind ChatGPT at between $80 billion to $90 billion, almost triple its level earlier this year, people familiar with the discussions said. The startup, which is 49% owned by Microsoft has told investors that it expects to reach $1 billion in revenue this year and generate many billions more in 2024.