OpenAI’s $500 Billion Valuation Faces Huge Cut

Vladimir Razguliaev / iStock via Getty Images It has been all good news for OpenAI this year. It reached a valuation of $500 billion. Its CEO, Sam Altman, stood next to President Trump in the White House early this year during the announcement of a new $500 billion Stargate AI infrastructure program. It settled a fight with Microsoft (its largest shareholder, with a 24% stake) over becoming a for-profit company. And it created financial partnerships with Oracle, Nvidia, Softbank, and AMD. 24/7 Wall St. K ...