OpenAI in deal valuing it at $80 billion: Media

Credit: Unsplash/CC0 Public Domain

OpenAI has concluded a deal with investors that reportedly values the California start-up at $80 billion or more, after a roller-coaster year for the inventor of ChatGPT.

The agreement, reported by The New York Times but not yet confirmed by OpenAI, would mean the value of the company—a world leader in generative artificial intelligence—would have nearly tripled in under 10 months.
The reported deal would have the San Francisco-based firm selling existing shares to investors led by Thrive Capital.
It would permit executives and employees to sell shares at a highly favorable price, just three …
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