TLDR:
Key Points:
- OpenAI employees can sell shares at $86 billion valuation
- Thrive Capital leads the deal
OpenAI, an artificial intelligence startup, completed a deal allowing employees to sell stakes in the company at a valuation of $86 billion, making it one of the most valuable startups in the world. The deal was led by Thrive Capital, but both companies declined to comment. The share sale was delayed due to the ouster and subsequent rehiring of CEO Sam Altman. OpenAI is also planning to raise new funding that could value the company at over $100 billion and is working on developing cutting-edge computing chips.
OpenAI’s value has been rising as it continues to lead in the field of AI, with recent developments including the launch of a text-to-video generator called Sora. The company has secured significant funding from investors, including Microsoft Corp., and has been at the forefront of advancements in artificial intelligence technology.
