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OpenAI Engages in Discussions for Deal Potentially Valuing the Company Beyond $80 Billion

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OpenAI is currently in discussions for a potential deal that could value the company at over $80 billion, marking a substantial increase in its worth in less than six months, new reports state.

Thrive Capital is reportedly leading a tender offer that may make OpenAI San Francisco’s top startup and position it among the tech industry’s elite, trailing only ByteDance and SpaceX according to CB Insights.

A year ago, OpenAI made a significant impact on the AI landscape with the release of ChatGPT, sparking interest and investments in AI.

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Amazon recently announced a substantial investment in Anthropic, a rival to OpenAI. Other AI startups like Cohere and Inflection AI, both founded by former Google professionals, also secured significant funding, further highlighting the AI sector’s growth.

Microsoft deepened its financial commitment to OpenAI with a $10 billion investment at the beginning of the year.

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Character.ai, another AI startup with former Google personnel, received $150 million in funding, reaching a billion-dollar valuation.

A consortium of venture capital firms previously acquired OpenAI shares, valuing the company at around $29 billion.

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Thrive Capital is now exploring the possibility of leading another tender offer that could value OpenAI at $80 billion or higher.

This transaction involves existing shareholders liquidating their shares and has garnered attention from reputable publications.

Despite a trend of declining funding for startups, AI startups continue to attract significant interest due to the belief in AI’s transformative potential.

ChatGPT’s rapid popularity has sparked the rise of generative AI, which is expected to revolutionize various applications, from search engines to educational tools and email platforms.

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Diana Mutheu
Diana Mutheu
Diana Mutheu is a Tech enthusiast, happy to delve deeper into the African tech space covering Social Media, AI, Startups, Telcos, Cryptocurrency, Big Data, Women in Tech and all matters Tech. Write to me @[email protected]

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