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OpenAI Reaches $80 Billion Valuation In Venture Firm Deal, Report Says
The AI company has raised billions of dollars from companies including Microsoft.
Anadolu via Getty Images OpenAI will engage in an existing share sale under the “so-called tender offer” led by Thrive, the Times reported, citing unnamed sources with knowledge of the deal, noting the deal would allow employees to cash out their shares in the artificial intelligence company. The deal comes nearly 10 months after OpenAI closed a $300 million share sale, marking it at a valuation of about$27 billion. The video service is not available to the public and it is unclear when it could be, as OpenAI said it is still going through “several important safety steps” to combat potential issues related to misinformation and bias.
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