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OpenAI in Talks to Sell Shares Worth $86 Billion: A Game-Changer for the AI Startup

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OpenAI in Talks to Sell Shares Worth $86 Billion, Surpassing Valuation of Prominent Companies

OpenAI, the company behind ChatGPT and owned 49% by Microsoft Corp, is currently negotiating a deal with potential investors to sell shares worth $86 billion. This valuation would make OpenAI one of the most valuable private companies globally, exceeding the valuation of companies like Stripe and Shein.

FTX’s Investment in Anthropic Offers Hope for Creditors

In 2022, FTX made a $500 million investment in Anthropic, a move that was considered a game-changer for creditors. However, the sale of Anthropic shares was temporarily suspended due to ongoing bankruptcy proceedings. The upcoming financing rounds of Anthropic are expected to significantly increase the company’s valuation, benefiting FTX’s stake and increasing the chances of full recovery for creditors.

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Sam Bankman-Fried’s Trial Continues

Sam Bankman-Fried, co-founder of FTX, is currently on the twelfth day of his trial.

Related Links

  • Day 11 of SBF Trial: Financial Forensics Report Reveals $9.3 Billion Money Trail from FTX
  • FTX Founder Sam Bankman-Fried’s 11th Demo Day: Recap

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