OpenAI, a leader in artificial intelligence, has finalized a major financial agreement. This deal has dramatically increased the company's estimated worth. It signals strong investor confidence in the future of AI technology.
The agreement allowed employees and early investors to sell their shares. The price paid for these shares set the company's total value at an incredible $500 billion. This process, known as a secondary share sale, is common for successful startups, but the amount is record-breaking.
With this new valuation, OpenAI becomes the world’s most valuable privately held company. This means its shares are not sold on a public stock market. Instead, only a select group of investors can own a piece of the company.
This achievement is a major milestone, surpassing other famous tech giants. For example, the rocket manufacturer SpaceX, valued at $400 billion, is now ranked below OpenAI. This shift demonstrates the immense and growing economic power of the AI industry.