OpenAI is reportedly raising funds at a valuation of $80 billion to $90 billion

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Employees would be allowed to sell their existing shares rather than the company issuing new ones, The Wall Street Journal said.

picked up just over $300 million in funding from backers such as Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global at a valuation of $29 billion. That was separate to a big investment from Microsoft announced earlier this year, which closed in January. The size of Microsoft’s investment was believed to be around $10 billion.

TechCrunch has reached out to OpenAI for comment.

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