OpenAI hits $500B valuation after share sale, source says

By Reuters

October 2, 20255:12 AM UTCUpdated ago

Oct 2 (Reuters) - OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source familiar with the matter told Reuters on Thursday.

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Reporting by Krystal Hu and Anusha Shah in Bengaluru; Editing by Harikrishnan Nair

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