The value of OpenAI, the owner of the GPT chat program, will increase approximately three times in less than 10 months (Reuters)
OpenAI has reached an agreement with investors that could value the startup at $80 billion or more, after a volatile year for the creator of the GBT chat program.
The agreement, which was reported by Agence France-Presse, citing the New York Times, but not yet confirmed by OpenAI, means: 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.
OpenAI revolutionized the field of artificial intelligence when it launched the “GPT Chat” program on the Internet in late 2022.
The program's immediate success sparked great interest in this advanced technology, which is capable of generating text, sounds, and images.
Microsoft - which was originally an investor in Open AI - increased its investments in the company, pumping about $13 billion into it over the past few years.
On Friday, OpenAI announced a new tool it called “Sora” that is used to create realistic videos of up to one minute in length by simply entering a text request, which is a major innovation in the field of artificial intelligence.
Source: French