OpenAI in deal valuing it at $80 billion: Media ...Middle East

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OpenAI in deal valuing it at $80 billion: Media
SAN FRANCISCO: 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 months after the firm survived a major crisis when company co-founder and chief exe

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