[nickff]

Well, the question isn't what OpenAI's intellectual property is worth right now, or what you expect it to be worth, but what it is likely to be worth after OpenAI has become insolvent (and few/none of the current employees are working on it). The most likely causes for it becoming insolvent are probably that another company out-innovates them, or that the revenues never come in (despite OpenAI being a market leader). In either case, OpenAI's IP is unlikely to be sufficiently superior to the competition's to warrant a large premium.

I am not sure how differentiated OpenAI's IP is, so I don't have a strong opinion, but it seems to me that OpenAI is worth a lot more as a package than it would be as a collection of pieces.