ChatGPT maker OpenAI has become the world’s largest startup, surpassing Elon Musk’s SpaceX. Because in a deal, the company’s valuation was estimated at over $500 billion, which is more than SpaceX. SpaceX’s value is $400 billion. OpenAI’s current and former employees sold shares worth approximately $6.6 billion at this valuation to investors like Thrive Capital, SoftBank Group, Dragoneer Investment Group, Abu Dhabi’s MGX and T. Rowe Price. Earlier this year, the company raised a fund led by SoftBank, where OpenAI was valued at $300 billion. The race for investment in AI technology and demand for data centers and AI services is driving this growth. Three reasons for OpenAI’s value increase: Preparing to Transform from Non-Profit to For-Profit Company OpenAI is planning to transform from a non-profit to a for-profit company by partnering with Microsoft, which will create a new public benefit corporation. However, OpenAI faces tough competition from competitors like Google, Anthropic, and companies like Meta for AI talent. Achieving Artificial General Intelligence is the Next Step On August 7, regarding the launch of ChatGPT 5, Sam Altman said that OpenAI’s long-term goal is to achieve Artificial General Intelligence (AGI), meaning AI that can perform all types of tasks like humans. However, he also acknowledged that if AGI is not managed properly, it could be dangerous. Sam said, ‘We don’t know where this technology will take us. It could be amazing, but the risks are equally big.’
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