In a recent development, OpenAI has finalized a deal estimated to be worth $80 billion, according to the latest tech news.
The deal was confirmed by The New York Times, highlighting OpenAI’s artificial intelligence company’s value tripling in less than 10 months.
The company is currently selling its existing shares through a tender offer led by Thrive Capital.
This transaction allows employees to sell their shares in the company instead of opting for traditional financing rounds aimed at raising funds for business operations.
Following this deal, OpenAI now joins the ranks of high-value technology startups globally, trailing behind companies like ByteDance and SpaceX, as reported by data tracking company CB Insights.
This deal serves as another example of how deals are structured in Silicon Valley, injecting capital into a select few companies specializing in generative artificial intelligence.
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