Sources say OpenAI is in talks to sell its shares at a valuation of $86 billion

CTOnews.com, Oct. 19 (Xinhua) Microsoft-backed artificial intelligence company OpenAI is in talks with potential investors to sell shares of existing employees at a valuation of $86 billion, Bloomberg reported on Wednesday. According to sources, the company has not yet finalized the allocation plan, and the terms may change.

CTOnews.com noted that last month the Wall Street Journal reported that OpenAI was seeking to sell its shares at a valuation of up to $90 billion.

OpenAI has developed a chat robot called ChatGPT, which can generate human-like responses based on user prompts, boosting the popularity of artificial intelligence and driving the valuation of San Francisco-based OpenAI to soar. The company is expected to generate $1 billion in annual revenue as more companies adopt artificial intelligence technology.