"OpenAI's Valuation Hits $80 Billion as Employees Cash Out in Latest Deal"
TL;DR Summary
OpenAI has completed a deal valuing the company at $80 billion, allowing employees to cash out their shares, following a previous deal in 2022 that valued the company at $29 billion. The AI firm, known for its ChatGPT chatbot, has seen a surge in revenues and recently unveiled its latest AI tool, "Sora," which generates videos based on text and is set to be tested for potential harms or risks.
- OpenAI valued at $80BN following deal, employees can cash out: report Business Insider
- OpenAI Completes Deal That Values the Company at $80 Billion The New York Times
- OpenAI Reaches $80 Billion Valuation In Venture Firm Deal, Report Says Forbes
- Microsoft-backed OpenAI valued at $80bn after company completes deal The Guardian
- OpenAI valued at $80 billion after deal, NYT reports Yahoo Finance
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