OpenAI in talks for share sale valuing startup at $500 billion: Bloomberg News
According to a report by Bloomberg News on Tuesday, ChatGPT creator OpenAI is in the early stages of discussions regarding a potential secondary share sale for current and former employees, which could value the company at around $500 billion.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
34 minutes ago
- Time of India
Cryptocurrency Live News & Updates : Ethereum's Position Strengthened by Regulatory Shifts
06 Aug 2025 | 11:55:12 PM IST Figment's CEO Lorien Gabel stated that recent U.S. regulatory changes, including the market structure bill, clarify Ethereum's role and enhance its use cases, alongside a surge in stablecoin trading and Ethereum transactions. In the latest cryptocurrency news, Figment's CEO Lorien Gabel emphasized Ethereum's strengthened position amid evolving U.S. regulations, particularly with the market structure bill that clarifies its use cases. Meanwhile, OpenAI has allowed share sales at a staggering $500 billion valuation, showcasing the growing intersection of technology and finance. On the trading front, Pepe's price is consolidating at a crucial support level, indicating potential for a bullish reversal if it can maintain momentum. Additionally, BNB has surpassed 770 USDT, reflecting a 2.67% increase in just 24 hours. However, the crypto landscape is not without its challenges, as users face risks of having their accounts frozen due to compliance issues, even when they have done nothing wrong. The importance of understanding the provenance of funds is highlighted, as interactions with 'tainted' wallets can lead to significant consequences. As the industry matures, compliance and risk management are becoming essential for all crypto participants, underscoring the need for proactive measures to safeguard assets. Show more
NDTV
3 hours ago
- NDTV
WhatsApp Launches New Safety Tool, 6.8 Million Scam Centre Accounts Banned
New Delhi: WhatsApp has launched a new 'safety overview', which will alert a user when someone not in their contact list adds them to a new WhatsApp group that they may not recognise, as Meta's messaging platform intensified its crackdown on scams and fraud. The safety overview will contain key information about the said group and tips to stay safe, it said. "From there, you can exit the group without ever having to look at the chat. And if you think you might recognise the group after seeing the safety overview, you can choose to see the chat for more context," according to WhatsApp. And notifications from the group will be silenced until the user marks that they do wish to stay. Meta's messaging platform further said it is exploring ways to caution users when they start a chat with someone not in their contacts by showing more context about the person they are messaging. This, it hopes, will enable informed decisions. WhatsApp said it also takes down attempts by criminal scam centres, often fuelled by forced labour and operated by organised crime, primarily in South East Asia. In the first six months this year, as part of its efforts to protect people from scams, WhatsApp and Meta's security teams detected and banned over 6.8 million accounts linked to scam centres. "Based on our investigative insights into the latest enforcement efforts, we proactively detected and took down accounts before scam centres were able to operationalise them," it said. Citing an instance of such a crackdown, it said recently, WhatsApp, Meta, and OpenAI disrupted scamsters' efforts that had links to a criminal scam centre in Cambodia. These attempts ranged from offering payments for fake likes to enlisting others into a rent-a-scooter pyramid scheme or luring people to invest in cryptocurrency. "As OpenAI reported, the scammers used ChatGPT to generate the initial text message containing a link to a WhatsApp chat, and then quickly directed the target to Telegram, where they were assigned a task of liking videos on TikTok. The scammers attempted to build trust in their scheme by sharing how much the target has already 'earned' in theory, before asking them to deposit money into a crypto account as the next task," it said.
Deccan Herald
3 hours ago
- Deccan Herald
OpenAI eyes $500 bn valuation in potential employee share sale
ChatGPT maker OpenAI is in early-stage discussions about a stock sale that would allow employees to cash out and could value the company at about $500 billion, a source familiar with the matter said. That would represent an eye-popping bump-up from its current valuation of $300 billion, with the sale underscoring both OpenAI's rapid gains in users and revenue as well as the intense competition among artificial intelligence firms to secure talented workers. The transaction, which would come before a potential IPO, would allow current and former employees to sell several billion dollars worth of shares, said the source, who requested anonymity because the talks are private. Bolstered by its flagship product ChatGPT, OpenAI doubled its revenue in the first seven months of the year, reaching an annualised run rate of $12 billion, and is on track to reach $20 billion by year-end, the source added. Microsoft-backed OpenAI has about 700 million weekly active users for its ChatGPT products, a surge from about 400 million in February. The share sale talks come on the heels of OpenAI's primary funding round announced earlier this year, which aims to raise $40 billion, led by Japan's SoftBank Group. SoftBank has until the end of the year to fund its $22.5 billion portion of the round, but the remainder has been subscribed at a valuation of $300 billion, the source said. Microsoft-backed OpenAI has about 700 million weekly active users for its ChatGPT products, a surge from about 400 million in February.
