OpenAI concludes an agreement that raises its value to $80 billion. The value of the global leader in generative artificial intelligence will nearly triple in less than 10 months.
The agreement will allow the San Francisco-based company to sell existing shares to investors led by Thrive Capital. It will also allow executives and employees to sell shares just three months after the company overcame a major crisis following the dismissal of its co-founder and CEO, Sam Altman, then reinstatement days later.