OpenAI Valued at $80 Billion After Microsoft-Backed Tender Offer Lets Employees Cash Out
• OpenAI valued at $80 billion after new deal, per New York Times report • Microsoft-backed AI company completing tender offer led by Thrive Capital • Deal allows employees to cash out shares rather than raise new funding • OpenAI previously valued around $29 billion after similar 2021 tender offer • OpenAI CEO Sam Altman also reportedly in talks to raise funds for a chip venture