The article discusses OpenAI’s valuation process and the potential fees that investment banks like Goldman Sachs and Morgan Stanley could earn from the process. According to the report, OpenAI is seeking a valuation of around $30 billion by 2024, which would be a significant increase from its current valuation of around $20 billion. The investment banks are expected to earn tens of millions of dollars in fees for their advisory roles in the valuation process. The article also mentions that OpenAI’s valuation could be driven by the growing demand for artificial intelligence (AI) and the company’s advancements in areas like natural language processing and generative AI. However, the article notes that the valuation process is still ongoing and subject to change.
Source: https://www.businessinsider.com/openai-valuation-process-goldman-sachs-morgan-stanley-fees-2024-10