OpenAI has reached an agreement with investors, according to the New York Times. The deal calls for the company to sell existing shares to investors, led by Thrive Capital.
It allows managers and employees to sell shares at a very favorable price. The confidential operation means that the value of this leading company in artificial intelligence has almost tripled in less than 10 months, sources say. The Californian start-up went through a major crisis last November, when its co-founder and boss Sam Altman was fired and then reinstated.