OpenAI's recent agreement with employees on selling their profit units has implied that the company is valued at approximately $27 billion, The Information reported on Monday, citing two unnamed sources familiar with the situation.
The company best known for its work on artificial intelligence and developing AI chatbot ChatGPT is reportedly giving some of its 400 employees the option to "essentially" sell "rights to future OpenAI profits" to investors, according to the report.
In January 2023, Microsoft Corporation and OpenAI agreed on a multiyear investment deal that reportedly stood at $10 billion.