ChatGPT Creator to Sell Shares in Tender Offer at $29 Billion Valuation

OpenAI, the research lab behind the viral ChatGPT chatbot, is in talks to sell existing shares in a tender offer that would value the company at around $29 billion.

Venture-capital firms Thrive Capital and Founders Fund are in talks to buy shares, the people said. The tender could total at least $300 million in OpenAI share sales, according to people familiar with the matter. The deal is structured as a tender offer, with the investors buying shares from existing shareholders such as employees.