OpenAI in Talks for Deal That Would Value Company at $80 Billion
www.nytimes.com
The San Francisco start-up’s valuation could triple in less than six months.
  • AutoTL;DRBEnglish
    1•8 months ago

    This is the best summary I could come up with:

    OpenAI is in talks to complete a deal that would value the company at $80 billion or more, nearly triple its valuation less than six months ago, according to a person with knowledge of the discussions.

    The company would sell existing shares in a so-called tender offer led by the venture firm Thrive Capital that would make OpenAI the most valuable start-up in San Francisco, that person said.

    boom with the release of the online chatbot ChatGPT, the Silicon Valley deal-making machine continues to pump money into the field’s leading companies.

    In March, Character.ai, another start-up founded by former Google employees that builds online chatbots, raised $150 million in a funding round that valued the company at $1 billion.

    start-ups remains the exception, because many believe artificial intelligence has the potential to upend current technologies and spur growth across the industry.

    When it was released at the end of last year, ChatGPT captured the imagination of millions of people with its knack for answering questions, writing term papers and poetry, and generating computer code.

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