Posted 2/17/2024, 12:54:00 AM
OpenAI Valued at $80 Billion After Latest Funding from Microsoft and VCs
- Microsoft-backed OpenAI valued at $80bn after completing a new tender share offer deal
- Led by venture firm Thrive Capital; allows employees to cash out shares rather than traditional funding round
- Comes after similar $29bn tender offer deal in early 2022 with other VC firms
- Follows Microsoft's $10bn investment in OpenAI in January 2023
- Launch of ChatGPT in late 2022 has sparked buzz and integration of AI technology