News banner image
Group 18

Microsoft and OpenAI reach new deal valuing OpenAI at $500 billion

Microsoft and OpenAI reach new deal valuing OpenAI at $500 billion

Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.

More related news

line

Unrivaled announces new funding that sets league valuation at $650 million

Unrivaled, the professional three-on-three women’s basketball league, announced Wednesday that it had...

A Guide to the Biggest Winners From the SpaceX IPO

In its guide to the biggest winners from SpaceX’s landmark IPO, The...

See the VCs and Family Offices at the Core of the Mega IPO Wave

The Wall Street Journal featured Trevor Paladino, founder of Lakeside Capital, alongside...