Aug 15 (Reuters) - Current and former employees of
OpenAI are looking to sell nearly $6 billion worth of the
ChatGPT maker's shares to investors including SoftBank Group
and Thrive Capital, a source familiar with the matter
told Reuters on Friday.
The potential deal would value the company at $500 billion,
up from $300 billion currently, underscoring both OpenAI's rapid
gains in users and revenue, as well as the intense competition
among artificial intelligence firms for talent.
SoftBank, Thrive and Dragoneer Investment Group did not
immediately respond to requests for comment. All three
investment firms are existing OpenAI investors.
Bloomberg News, which had earlier reported the development,
said discussions are in early stages and the size of the sale
could change.
The secondary share sale investment adds to SoftBank's role
in leading OpenAI's $40 billion primary funding round.
Bolstered by its flagship product ChatGPT, OpenAI doubled
its revenue in the first seven months of the year, reaching an
annualized run rate of $12 billion, and is on track to reach $20
billion by the end of the year, Reuters reported earlier in
August.
Microsoft ( MSFT )-backed OpenAI has about 700 million
weekly active users for its ChatGPT products, a surge from about
400 million in February.
(Reporting by Juby Babu in Mexico City; Editing by Shreya
Biswas and Sriraj Kalluvila)