OpenAI hits $500 billion valuation: report

OpenAI has reached a $500 billion valuation after current and former employees sold approximately $6.6 billion worth of shares, according to a recent Reuters report citing a source familiar with the matter. The deal represents a significant increase from the company's previous $300 billion valuation.

As per a previous Reuters report on the matter, the share sale allows employees to cash out before a potential initial public offering. It follows OpenAI's rapid growth, with the company reportedly doubling its revenue in the first seven months of this year to reach a $12 billion annual run rate.

OpenAI's ChatGPT has about 700 million weekly active users since August 2025, up from 400 million in February. As per the previous report, the company is also pursuing a separate $40 billion funding round led by SoftBank, highlighting strong investor interest in artificial intelligence firms.