Pakistan, Oct. 2 -- The valuation of OpenAI, the company behind ChatGPT, has skyrocketed to an unprecedented $500 billion following a private share sale. Reports revealed that employees sold $6.6 billion worth of shares to investors, a move that places OpenAI ahead of SpaceX, which holds a valuation of around $400 billion. If confirmed, this marks a historic leap for the artificial intelligence developer, making it the most valuable startup in the world.

Investors from across the globe showed keen interest in the deal, with Japanese tech investment giant SoftBank emerging as a prominent buyer. Other investors included Thrive Capital, Dragoneer, and Abu Dhabi's AI investment firm MGX. The development reflects growing global appetite for a...