"OpenAI's Valuation Reaches $80 Billion After Recent Deal"
TL;DR Summary
OpenAI, backed by Microsoft, has completed a deal valuing the AI company at $80 billion or more, with reports suggesting its valuation has risen to $90 billion. The deal allows employees to cash out their shares, and CEO Sam Altman is seeking funds for a new AI chip venture, aiming to address constraints on OpenAI's growth due to a shortage of AI chips needed to train advanced language models. Altman has met with investors and chipmakers to discuss the initiative, which could cost $5 trillion to $7 trillion.
- OpenAI valued at $80B after deal: report Fox Business
- 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
- Microsoft-backed OpenAI valued at $80bn after company completes deal The Guardian
- OpenAI valued at $80 billion after deal, NYT reports Reuters
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