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OpenAI, known for creating ChatGPT, has now passed Elon Musk's SpaceX to become the world's most valuable startup. This comes after a major deal letting employees cash out shares at a whopping $500 billion company valuation.

According to a Bloomberg report, current and former OpenAI workers sold roughly $6.6 billion worth of shares to major investors, including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi's MGX, and T. Rowe Price. An anonymous source familiar with the deal provided these details to Bloomberg.

The sale lifted OpenAI's valuation well above the $300 billion it achieved earlier this year through a funding round led by SoftBank.

This sharp increase reflects the huge buzz from investors around AI

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