OpenAI nears stock sale at $90B valuation

OpenAI is close to selling shares in a deal that values the company at a staggering $90 billion – but completing the offer could depend on deep-pocketed investors from the Middle East, On The Money has learned.

The artificial-intelligence juggernaut behind the ChatGPT chatbot – co-founded by Sam Altman and 49% owned by Microsoft – is in talks to help its employees cash out of tens of millions of dollars worth of private stock in a tender offer that’s expected to close Oct. 21, according to sources briefed on the situation.

“There is a lot of overseas demand… some from The Gulf,” one well-placed source told The Post’s Josh Kosman.

Nevertheless, the outlook for other such pricey tech deals looks murky, according to sources. That’s because US investors appear to be balking at OpenAI’s stratospheric price tag – and the terrorist attacks in Israel could complicate new fundraising from sovereign wealth funds across the