OpenAI, the company behind ChatGPT, now valued at $80 billion. The agreement reached with investors, not confirmed by OpenAI, means that the value of the Californian start-up has almost tripled in less than ten months, writes the New York Times.
The deal calls for the San Francisco-based company to sell existing shares to investors, led by Thrive Capital. It allows managers and employees to sell shares at a very favorable price, three months after a major crisis for OpenAI.