(Reuters) – OpenAI, the artificial intelligence research lab behind chatbot ChatGPT, is in talks to sell existing shares in a tender offer that would value the company at about $29 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The report added that the deal is structured in a way in which venture capital firms Thrive Capital and Founders Fund will buy shares from existing shareholders such as employees.
The deal would attract investment of at least $300 million in share sales, it added.
OpenAI and the VC firms did not immediately respond to Reuters requests for comment.
(Reporting by Akash Sriram in Bengaluru; Editing by Shailesh Kuber)
