OpenAI is reportedly on the verge of becoming one of the most valuable startups in the country—and Microsoft is counting on its ChatGPT chatbot to finally make Bing a worthy challenger to Google’s search dominance.
The Wall Street Journal reports the company is in talks to sell $300 million in shares in a tender offer to Thrive Capital and Founders Fund that would result in a valuation of about $29 billion. That would more than double the company’s value, despite skepticism from some parties about its ability to monetize ChatGPT.
