TLDR:
Key points:
- OpenAI valued at US$80 billion in recent venture firm deal.
- Deal allows employees to cash out their shares rather than raising money for operations.
The recent deal between OpenAI and venture firm Thrive Capital values the San Francisco-based AI company at over US$80 billion, nearly tripling its valuation in less than 10 months. This makes OpenAI one of the world’s most valuable tech start-ups, behind ByteDance and SpaceX. The deal provides employees with an opportunity to cash out their shares, a different approach from traditional funding rounds.
Article Summary
OpenAI, a prominent artificial intelligence company based in San Francisco, recently completed a deal worth over US$80 billion with venture firm Thrive Capital. This deal significantly increased the company’s valuation in a short period of time. OpenAI’s value places it among the world’s most valuable tech start-ups, following behind companies like ByteDance and SpaceX. The deal allowed employees to cash out their shares, deviating from the typical funding round that raises money for business operations.
Investors have shown great interest in AI companies, with Microsoft investing US$13 billion in OpenAI through various funding rounds. Other AI companies like Anthropic, Cohere, and Inflection AI have also received significant funding in the billions of dollars range. OpenAI’s recent deal with Thrive Capital is seen as a positive sign for the company, especially after a tumultuous year that included leadership changes and internal turmoil.
