OpenAI Is World's Largest Startup at $500 Bln Valuation

Watch OpenAI Is World's Largest Startup at $500 Bln Valuation - Bloomberg on Dailymotion

Transcript

00:00Bloomberg has learned that ChatGPT maker OpenAI has completed a deal at a valuation of $500 billion,

00:07making it the world's most valuable startup.

00:09Now, for more, let's bring in our Bloomberg's deal reporter, Manuel Bagori.

00:12Manuel, so give us, good morning, first of all, give us the details of that share sale.

00:19Hello, Francine. Yeah, fantastic deal, right?

00:22A remarkable valuation, $500 billion, becoming the world's largest startup right there.

00:29I mean, we've seen a number of secondary transactions in some of the most fashionable tech companies these days.

00:37There is a lot of pent-up demand from investors to jump into the bandwagon.

00:42And at the same time, these companies need big liquidity events to try to reward and retain talent.

00:49And that's what we are seeing right now, right?

00:51Like current and former employees sold $6.6 billion worth of stock in OpenAI.

00:57And that provides liquidity to them.

00:59It's also a way not only to reward some of that, but also to try to retain some of that talent.

01:06Let's bear in mind that this has become one of the most competitive fields out there.

01:12And companies are really pushing hard to retain employees.

01:17We've seen the likes of Meta, for instance, approaching company employees from other rivals as well.

01:24So that continues to be a trend.

01:27And at the same time, companies like OpenAI are deploying a lot of capital into new products,

01:34into infrastructure, and so on.

01:36So they need a lot of investments to keep up growth pace as well.

01:40We've expected 2 months to keep up growing another part of the realm.

01:47And our, like Mr. Meta .

01:50Thank you very much.

01:51Thanks, Jesus.

01:52And this has been very challenging for me.

01:54And the amount of stocks of funds deserve $500 million worth,

01:55And the amount of stocks that are extremely vídeo-relatedênio-ret닥

01:58at our plan.

01:59And I anything like that you are settling for now on.

02:02And you will try and deal with it here.

02:05All that can help you start building an online method of жизнь.

02:07And this was just a possible strategy for us.