OpenAI, the Silicon Valley artificial intelligence company that developed chatbots ChatGPT and DALL-E, is reportedly considering entering a deal that would raise the company’s valuation to $80 billion or more, according to the The New York Times.
Thrive Capital would buy OpenAI’s existing shares from the latter’s employees through a tender offer according to The Information, which first reported the exclusive news. This deal would further Thrive Capital’s investment in OpenAI.
The company has been steadily growing and securing funding from backers. OpenAI received a $10 billion investment from Microsoft back in January, which brought Microsoft’s total investment in the company to $13 billion. In April, it was reported that OpenAI secured $300 million in venture capital from Thrive, Andreessen Horowitz and others. The investment valued the company between $27 billion and $29 billion. This most recent deal with Thrive would bring OpenAI’s valuation to $80 billion, nearly triple what it was only six months ago.
