OpenAI becomes world's largest startup with $500 bn valuation
OpenAI became the world’s largest startup after completing a deal to help employees sell shares in the company at $500 billion valuation, Bloomberg reported. The new valuation propelled the firm past Elon Musk-owned SpaceX's $400 billion valuation. Reportedly, current and former OpenAI employees sold $6.6 billion of stock to investors which boosted its valuation from previous $300 billion level.