OpenAI hits $500 billion valuation after share sale, source says

FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source familiar with the matter told Reuters on Thursday.

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