Reportedly, OpenAI has struck a deal to sell current stocks to Thrive Capital, a fund looking to invest in the company, which has successfully concluded according to previous news reports. The evaluated value of OpenAI’s business in this deal stands at 80 billion dollars.
It is important to note that the sale of stocks does not involve increasing the company’s capital, but rather allows OpenAI employees who hold stocks in the company to also participate in this deal. The deal follows a similar format to the one from last year (where Thrive Capital was also the buyer), although back then the evaluated business value was 29 billion dollars.
These figures shed light on the fact that OpenAI’s business value is 80 billion dollars. Concurrently, reports indicate ongoing negotiations to raise new funds in the next funding round, which would elevate the business value to the hundred billion dollar mark.
Source: Reuters
TLDR: OpenAI sells stocks to Thrive Capital, with a business valuation of 80 billion dollars. Ongoing discussions point towards an increase in business value to hundreds of billions in the next funding round.
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