Sources: investors recently approached OpenAI with a proposal to invest at a $1.2T valuation, but OpenAI believes its valuation should be at least $1.5T (Sri Muppidi/New York Times) — SkimNews
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- Investors recently approached OpenAI with a proposal to invest at a $1.2T valuation, per sources cited by the New York Times
- OpenAI rejected the $1.2T proposal, telling investors its valuation should be at least $1.5T — a number the source says would double the ChatGPT maker's value and make it the world's most valuable startup
Why it matters: OpenAI's $1.5T ask is 25% above what backers proposed at $1.2T, and per the source, acceptance would roughly double OpenAI's existing valuation while establishing it as the world's most valuable startup — a dramatic jump for a company that began as a nonprofit research lab.
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