CVC Said to Explore Soho Global Stake Sale at $650 Million Value
CVC is working with a financial adviser and has reached out to potential bidders, the people said, asking not to be identified because the process is private.
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Bloomberg
6 minutes ago
- Bloomberg
OpenAI in Talks for Share Sale at $500 Billion Valuation
OpenAI is in early talks about a potential sale of stock for current and former employees at a valuation of about $500 billion, people briefed on the investment discussions said. The company is targeting a secondary stock sale in the billions of dollars, the people said, asking to remain anonymous because they weren't authorized to discuss the matter publicly. If the deal goes ahead, it would elevate OpenAI's on-paper price tag by roughly two-thirds. Its previous valuation stood at $300 billion in a $40 billion financing round led by SoftBank Group Corp. — making it one of the largest privately held companies in the world. Representatives for OpenAI and Thrive declined to comment. The company is also is providing access to its ChatGPT product to US federal agencies at a nominal cost of $1 a year as part of a push to get its AI chatbot more widely adopted. Shirin Ghaffary reports. (Source: Bloomberg)
The Verge
an hour ago
- The Verge
OpenAI teases GPT-5 launch event this Thursday
OpenAI is teasing a big announcement on Thursday, and based on a not-so-subtle clue, it seems like the news will be the reveal of its long-awaited GPT-5 AI model. In a post on X, OpenAI announced a 'LIVE5TREAM THURSDAY 10AM PT' — notice that the 's' in the word livestream is swapped for a '5.' A few recent signs have pointed toward an imminent release. On Sunday, CEO Sam Altman posted a screenshot with 'ChatGPT 5' in the top-left corner, and the company's head of applied research posted on Monday that he's 'excited to see how the public receives GPT-5!' And last month, Altman said that OpenAI planned to release GPT-5 'soon.' The Verge's Tom Warren reported earlier this year that Microsoft has been readying server capacity for the new model, too. The potential release of GPT-5 would add to an already big week for OpenAI, which announced GPT-OSS, a free open-weight model that can run on your laptop, on Tuesday. Posts from this author will be added to your daily email digest and your homepage feed. See All by Jay Peters Posts from this topic will be added to your daily email digest and your homepage feed. See All AI Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All OpenAI
Yahoo
2 hours ago
- Yahoo
How to reason with OpenAI's spiralling valuation
OpenAI may be worth $500bn, some investors think. Just a few days ago, it was worth $300bn. Sam Altman's company might in fact be the most Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
