TLDR:
- OpenAI’s valuation reaches $80 billion in a deal with Thrive Capital.
- The deal allows employees to cash out their shares in the artificial intelligence company.
In a recent report, OpenAI has reached a valuation of $80 billion through a deal with venture capital firm Thrive Capital, representing a nearly threefold increase in value from just nine months ago. The deal involves an existing share sale led by Thrive, allowing employees to cash out their shares within the company. This valuation places OpenAI as the third highest-valued tech startup in the world, following TikTok parent company ByteDance and SpaceX.
Last April, OpenAI received investments from companies like Microsoft, with a total investment of $13 billion. OpenAI’s CEO, Sam Altman, has expressed that the company has no plans to go public in the near future. OpenAI recently unveiled its newest product, Sora, which can generate videos from text prompts.
