Dude, check this out! There’s some wild news about this company called OpenAI LP, the ones behind that badass AI service called ChatGPT. So apparently, they’re in talks with investors to do a freakin’ share sale. And get this, it would value OpenAI at like 80 to 90 billion dollars! That’s, like, triple their worth from earlier this year, man. Insane!
According to the Wall Street Journal, instead of issuing new shares, OpenAI wants their employees to sell their existing shares. They’re saying that they expect to make a billion dollars in revenue this year, and even more billions in 2024. That’s some crazy growth, bro!
Remember back in August when we heard about OpenAI making 80 million bucks a month? Yeah, that was just from the launch of ChatGPT Plus, the premium version that costs 20 bucks a month. It’s been a real money-maker for them.
Now, get this, OpenAI wants to sell a few hundred million dollars worth of shares to Silicon Valley investors. And here’s the kicker, SoftBank Group Corp., the big tech investors, they’re super interested too. This is, like, intense stuff, man.
But here’s the thing, even though we’ve heard rumors about OpenAI needing more funding, this share sale won’t actually bring in more capital for them. It’s just gonna let their employees cash in on their equity. Makes sense, though. It helps companies attract top talent and get some much-needed liquidity.
If this all goes down, OpenAI’s gonna see a huge boost in valuation, bro. I mean, they were worth around 30 million bucks when Microsoft Corp. invested 10 billion in them earlier this year. But with this new valuation, Microsoft’s investment is gonna be worth, get this, around 30 billion! That’s insane, man. Talk about a solid investment.
And get this, just yesterday, OpenAI announced that ChatGPT now lets users ask questions using voice and pictures. They’re really taking this AI game to a whole new level, man.
So, there you have it. OpenAI is exploring this epic employee share sale, which is gonna bring some serious cash for their peeps. It’s a crazy time for them, bro. And hey, if you’re into supporting this kind of stuff, you can join their YouTube community and be part of the movement with over 15,000 experts. They got big names like Andy Jassy from Amazon and Michael Dell from Dell Technologies. It’s a cool community to be part of.
Alright, that’s all I got for you, man. Stay tuned for more mind-blowing news!