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According to sources cited by the New York Times, Microsoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more.
The report states that in this transaction, OpenAI opted for a tender offer, allowing employees to sell existing shares instead of pursuing a traditional funding round.
Last year, OpenAI entered a similar agreement with venture capital firms, including Thrive Capital, Sequoia Capital, Andreessen Horowitz, and K2 Global, which are valued at approximately $29 billion.
The launch of OpenAI’s ChatGPT in late 2022 sparked significant interest in AI, prompting companies to explore its potential applications.
OpenAI CEO Sam Altman has reportedly been discussing securing funds for a chip venture to enhance the world’s chip-building capacity to support new AI-related tools.
The foldable phone market has evolved significantly, with devices like the Samsung Galaxy Z Fold 6
Apple has partnered with Bharti Airtel, India’s second-largest telecom company, to offer free music and video
The U.S. Federal Aviation Administration (FAA) has granted SpaceX approval to resume flight operations with its
Dell Technologies has updated its annual revenue and profit forecasts following robust demand for its AI-optimized
Huawei Technologies Co. reported its sixth consecutive quarter of revenue growth, bolstered by a significant increase
