OpenAI valued at $80 billion after deal, NYT reports
- OpenAI's latest valuation is nearly triple of what it was 10 months ago, now valued at $80 billion or more according to the New York Times.
- Thrive Capital is leading a tender offer for OpenAI's shares, allowing employees to cash out shares, not a traditional funding round.
- OpenAI introduced Sora, an AI tool for creating realistic videos based on text prompts, aligning with its goal to train models solving real-world problems.
21 Articles
21 Articles
OpenAI has reached an agreement with investors that values the Californian startup at at least 80 billion US dollars (about 108 billion CAN), according to the New York Times, after a flamboyant but eventful year for the inventor of ChatGPT.
ChatGPT parent company OpenAI has reached a deal that allows employees to sell their shares in the company, Bloomberg news agency reports based on a source. As a result of the deal, OpenAI is now worth 86 billion dollars, equivalent to almost 80 billion euros.
According to insiders, the company is to sell existing shares as part of a so-called takeover offer
The Guardian
Microsoft-backed OpenAI valued at $80bn after company completes deal
Company to sell existing shares in ‘tender offer’ led by venture firm Thrive Capital, in similar deal as early last yearMicrosoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80bn or more, the New York Times reported on Friday, citing multiple people with knowledge of the deal.The company would sell existing shares in a so-called tender offer led by venture firm Thrive Capital, the report said. Employees…
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