OpenAI Employees Given Green Light To Sell Shares At Whopping $86B Valuation: Report
Portfolio Pulse from Ananya Gairola
OpenAI, the company behind ChatGPT, has been valued at $86 billion after finalizing an agreement allowing employees to sell their shares. The deal, led by Thrive Capital, comes after a delay due to the temporary ousting of CEO Sam Altman. OpenAI is considering raising new funding at a valuation over $100 billion and has secured $13 billion from Microsoft and others. The company's success with ChatGPT and new ventures like Sora, a text-to-video generator, highlight its rapid growth and potential to disrupt the tech industry.
February 17, 2024 | 4:07 am
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Microsoft Corporation has invested $13 billion in OpenAI, contributing to its valuation of $86 billion and potential future valuation over $100 billion.
Microsoft's significant investment in OpenAI not only underscores the AI company's potential but also aligns Microsoft with one of the most rapidly growing tech startups. This partnership and financial backing could lead to positive short-term impacts on Microsoft's stock price, as investors may view this as a strategic move to stay at the forefront of AI technology and innovation.
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