TLDR:
OpenAI has completed a deal allowing employees to sell stakes in the company at an $86 billion valuation, making it one of the most valuable startups in the world. The deal was led by venture capital firm Thrive Capital.
OpenAI, an artificial intelligence startup, has allowed employees to sell shares at a valuation of $86 billion, making it one of the most valuable startups globally. The deal was led by Thrive Capital, a venture capital firm headed by Josh Kushner. The company declined to comment on the details of the deal. The share sale was initially scheduled for the previous year but was postponed after the removal of CEO Sam Altman. OpenAI is also considering raising new funding that could value the company at over $100 billion. Altman is also working on raising funds to increase the supply of advanced computing chips. The company gained attention with the launch of the AI chatbot ChatGPT and unveiled a text-to-video generator called Sora. OpenAI has received funding from Microsoft Corp. and is at the forefront of AI technology advancement in Silicon Valley.
