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OpenAI, the company behind the AI sensation ChatGPT, is again making headlines after securing $6.6 billion in one of the largest venture capital funding rounds in U.S. history. According to The ...
A group of current and former OpenAI employees are eligible to cash out up to $10 million worth of shares as part of the company’s $1.6 billion tender offer to SoftBank, a source has told Fortune.
According to OpenAI, the capped-profit model allows OpenAI Global, LLC to legally attract investment from venture funds and, in addition, to grant employees stakes in the company. [36] Many top researchers work for Google Brain , DeepMind , or Facebook , which offer stock options that a nonprofit would be unable to. [ 37 ]
The company does not disclose its financial results, though the New York Times reported that OpenAI’s monthly revenue reached $300 million in August and that it projects generating $11.6 billion ...
Salesforce hit a record high of $368.7 in early morning trading and is set to add more than $35 billion to its market valuation of $316.85 billion if gains hold.
OpenAI is raising money at a $150 billion valuation — more than the market cap for Goldman Sachs. The startup is in talks to raise $6.5 billion from investors, including Microsoft and Apple.
The venture-capital firms Thrive Capital, Sequoia Capital, Andreessen Horowitz and K2 Global agreed to buy OpenAI shares in a tender offer, valuing the company at around $29 billion, the report said.
(Reuters) -OpenAI, the artificial intelligence startup behind ChatGPT, is talking to investors about a possible sale of existing shares at a much higher valuation from a few months ago, according ...