Microsoft-backed OpenAI secures $80 billion valuation ...Middle East

OpenAI, an artificial intelligence company backed by Microsoft, has secured a deal that values it at more than $80bn, according to the New York Times. Thrive Capital leads $80 Billion tender offer for OpenAI. (Photo by Fabrice COFFRINI / AFP)(AFP) The deal involves a tender offer led by Thrive Capital, a venture firm, in which existing shareholders of OpenAI can sell their shares. The report said that this would allow employees to cash out their shares instead of raising money for the company through a conventional funding round. Discover the thrill of cricket like never before, exclusively on HT. Explore now! This is not the first time that OpenAI has done such a deal. In early 2023

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