The company would sell existing shares in a so-called tender
offer led by venture firm Thrive Capital, the report said.
Under the deal, employees will be able to cash out their
shares of the company rather than a traditional funding round which would raise
money for the business, the report added.
OpenAI did not immediately respond to a Reuters request for
comment.
It agreed to a similar deal early last year. The
venture-capital firms Thrive Capital, Sequoia Capital, Andreessen Horowitz and
K2 Global agreed to buy OpenAI shares in a tender offer, valuing the company at
around $29 billion, the report said.
The launch of OpenAI's ChatGPT in late 2022 has kicked off
buzz around AI, prompting companies to explore ways to harness the power of the
technology.
OpenAI CEO Sam Altman has also been reportedly in talks to
raise funds for a chip venture as he looks to boost the world's chip building
capacity to drive new AI-related tools. -Reuters
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