OpenAI is a privately-held generative AI research and AI development unicorn. The company has created and released Dall.E (images), ChatGPT (large language model), and Versatile (speech). OpenAI and its AI models have become household names because of their widely applicable nature.
OpenAI was founded by Greg Brockman, Trevor Blackwell, Vicki Cheung, Andrej Karpathy, Durk Kingma, Jessica Livingston, John Schulman, Ilya Sutskever, Pamela Vagata, and Wojciech Zaremba. Sam Altman and Elon Musk were on the original board of directors.
The company was established in 2015 as a 501(c)(3) non-profit. This unusual structure was specifically chosen to support the company’s mission: to better humanity and avoid being guided by profit incentives.
CEO Sam Altman did not to invest in OpenAI stock to avoid any conflicts of interest. Elon Musk invested $50 million in OpenAI but due to worries about AI safety, Musk severed his association with the company. He later founded competing company, X.ai, that creates AI specifically for its own use.
In 2019 the OpenAI changed to its structure which was limiting its ability to take in funding. OpenAI formed OpenAI GP LLC and a capped profit subsidiary, OpenAI Global LLC.
When the company launched ChatGPT in 2023, it quickly broke records for being the fastest-growing consumer app in history by MAU in the first 2 months. By comparison, Bytedance's TikTok reached the same number of MAU over 9 months.
OpenAI purchased Rockset and Multi in June 2024.
OpenAI has climbed 13.81% year to date and is up 151.01% in the last 12 months. In the first quarter of 2024 OpenAI gained 13.57%. The last quarter of 2023 showed the most movement with a rise of +134.84%.
Last Updated June 21, 2024
OpenAI is a private venture-backed company that has raised a total of $12.3 billion in capital over 4 funding rounds. In its most recent funding round, OpenAI raised $300 from Sequoia Capital, Andreessen Horowitz, Thrive and Founders Fund, and K2 Global.
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Yes. OpenAI (ChatGPT) is a private venture-backed company. Investors usually purchase preferred stock and employees typically receive common stock options or restricted stock units (RSUs) as part of their compensation.
Since it is not publicly listed, there is no OpenAI (ChatGPT) stock symbol or OpenAI (ChatGPT) ticker symbol assigned for OpenAI (ChatGPT).
Private companies typically reserve a stock symbol up to two years prior to an IPO, and disclose this when they file a Form S-1 with the Security Exchange Commission when they start the IPO process.
If you own shares of a private company, it may be possible to find liquidity for your holdings before the company goes public. Finding the right private market broker can make all the difference as the best brokers can leverage deep industry relationships and negotiate on your behalf.
If you are interested in selling private stock you can reach out to Premier brokers for more information.
Private market transactions can be complex and may involve company approvals, legal purchase agreements and wires to third parties. Trades can take 30 - 60 days to complete which is why many investors work with experienced private market brokers to help guide the process.
Direct share transfers typically require issuer approvals. Issuers may exercise the right of first refusal (ROFR) in order to direct the seller to a buyer of their choosing.
Some issuers do not allow transactions. In these cases, buyers will need to purchase indirect interests in the business via special purpose vehicles (SPVs) or forward purchase contracts (forwards).
OpenAI (ChatGPT) stock does not trade publicly on Nasdaq or NYSE because it is still a private company. OpenAI (ChatGPT) stock might be available for purchase in the secondary markets, but OpenAI (ChatGPT) stock is not available for purchase by the general public, and can not be purchased through traditional brokerage accounts.
Only accredited investors and qualified purchasers can buy private stock. These investors buy pre-IPO stock in the secondary market from existing employees and investors.
To learn more about the market for OpenAI (ChatGPT) stock, talk to the best brokers on the planet.
Accredited investors can purchase shares in private companies like OpenAI (ChatGPT). Investors can rely on Notice Premier Brokers to find supply and guide them through the trading process.
Because OpenAI (ChatGPT) is privately held, its stock is not available for purchase through public stock exchanges like the NYSE or Nasdaq. Retail investors can not access this stock via traditional brokerage accounts, and are not allowed to invest directly in OpenAI (ChatGPT) pre-IPO.
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