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Yahoo
5 minutes ago
- Yahoo
OpenAI Employee Share Sale Could Value Firm at $500 Billion
OpenAI, backed by Microsoft (MSFT, Financials), is in early talks for an employee share sale that could value the artificial intelligence firm at about $500 billion, a source familiar with the matter said. The deal would let current and former employees sell several billion dollars' worth of shares ahead of a possible initial public offering; it would mark a significant increase from OpenAI's current $300 billion valuation. Warning! GuruFocus has detected 7 Warning Sign with MSFT. The company's flagship product, ChatGPT, has driven rapid growth; revenue doubled in the first seven months of the year to an annualized $12 billion and is expected to reach $20 billion by year-end, according to the source. Weekly active users climbed to about 700 million from 400 million in February. The proposed sale follows a $40 billion primary funding round earlier this year, led by SoftBank Group, which committed $22.5 billion to the round; the rest of the funding was raised at a $300 billion valuation. Existing investors, including Thrive Capital, are in talks to participate in the share sale. The transaction would come as competition for AI talent intensifies; tech giants like Meta Platforms (META, Financials) are making multibillion-dollar investments to poach executives and researchers. Private firms such as ByteDance, Databricks and Ramp have also used secondary share sales to refresh valuations and reward long-term employees. OpenAI is planning a corporate restructuring to move away from its capped-profit model, which could pave the way for a future IPO; the company has said an offering would come only when market conditions are right. This article first appeared on GuruFocus. 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
Bloomberg
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- Bloomberg
WhiteFiber Is Said to Have Raised $159.4 Million in Upsized US IPO
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Tom's Guide
6 minutes ago
- Tom's Guide
OpenAI teases ChatGPT-5 live stream — here's when and how to watch
OpenAI has announced a livestream that is starting on August 7, 2025 at 10 a.m. Pacific where the AI company is expected to announce its next ChatGPT upgrade in ChatGPT-5. The AI model has been delayed several times, but signs still point to an August release of the LLM, which should bring a number of upgraded features. Rumors have hinted at an enhanced Sora 2 video generator, improved memory, better coding and more. LIVE5TREAM THURSDAY 10AM PTAugust 6, 2025 OpenAI typically hosts its livestream over on its YouTube channel. The announced livestream will apear there as we get closer to the 10 a.m. PT launch time on August 7. Right now there is no placeholder for the livestream, but we'll update this article with that video when it becomes available. The company also hosts its livestreams on its X account, which you can find here. The livestream kicks off at 10 a.m. PT/7 a.m. ET/6 p.m. BST. We do not know how long it will last. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. Despite the delays, it is widely expected that OpenAI will announce GPT-5 and all the features and upgrades coming to the AI model. However, earlier this month, CEO Sam Altman tweeted that the company had a "ton of stuff to launch" over the next few months. we have a ton of stuff to launch over the next couple of months--new models, products, features, and bear with us through some probable hiccups and capacity crunches. although it may be slightly choppy, we think you'll really love what we've created for you!August 2, 2025 That list includes new models, products, features and "more." So if GPT-5 isn't on the docket there are still apparently a bevy of AI-based products to reveal. The company did launch two new open-weight AI models this week for free via Hugging Face. It's not clear what else the company might reveal beyond GPT-5 but OpenAI appears to have a robust launch calendar. As for GPT-5, it's supposed to integrate the firm's most advanced text and reasoning models into a single, smarter assistant. Updated features could include improved reasoning, memory, multimodal input, multiple versions and even potentially an open-source version. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button.
