ChatGPT's Creator, OpenAI, Talks about $29 Billion Tender Offer

OpenAI Inc., the startup behind the Artificial Intelligence-powered chatbot tool ChatGPT, is the subject of a tender offer from investors that could see its valuation soar to as much as USD 29 billion. In a deal that would see them buy shares from current OpenAI shareholders like its employees, the venture capitalist firms Founders Fund and Thrive Capital are reportedly in talks to invest in the hot startup. This is according to a report from the Wall Street Journal. If the deal goes through, OpenAI's previous valuation of USD 14 billion, established following its most recent tender offer in 2021, would more than double. With the release of its popular chatbot tool ChatGPT in the latter part of last year, OpenAI recently captured the public's attention.