OpenAI is carrying out a tender offer that would put the ChatGPT maker’s valuation at $300 billion, according to people familiar with the matter. The move underscores how strongly investors continue to back the artificial intelligence company despite intense competition and mounting scrutiny of the sector.

A tender offer lets current shareholders sell some of their stakes, often giving employees and early backers a chance to cash out while also setting a fresh market reference for the company’s worth. In OpenAI’s case, the new figure would place it among the most highly valued private technology companies in the world.

The reported valuation comes as large AI firms continue to attract major funding and strategic interest from investors betting that the technology will reshape software, search, productivity tools, and enterprise services. At the same time, the sector faces questions about regulation, infrastructure costs, safety, and long-term profitability.

Reuters said the information came from people familiar with the transaction. OpenAI has not publicly detailed the terms of the offer, and the valuation could still shift depending on final demand and deal structure.