OpenAI Completes Deal That Values the Company at $80 Billion::The A.I. start-up’s valuation tripled in less than 10 months.
Definitely not a bubble…
Nope just a beautiful sturdy dome clearly. Nothing bubble like about this at all.
AI is the future. An 80 billion valuation of the best current AI company doesn’t seem like part of a bubble to me.
Are you in the market for key transport infrastructure? I have a few lots you may be interested in.
Dang, they’re only about $500 trillion short.
This is the best summary I could come up with:
The company would sell existing shares in a so-called tender offer led by the venture firm Thrive Capital, the people said.
The deal lets employees cash out their shares in the company, rather than a traditional funding round that would raise money for business operations.
OpenAI, which declined to comment, is now one of the world’s most valuable tech start-ups, behind ByteDance and SpaceX, according to figures from the data tracker CB Insights.
(The New York Times sued OpenAI and its partner, Microsoft, in December, claiming copyright infringement of news content related to A.I.
The dismissal ignited a week of chaos and threw the company’s future into doubt, as employees threatened to resign in solidarity with Mr. Altman.
In an attempt to resolve last year’s turmoil, OpenAI hired the law firm WilmerHale to review the board’s actions and Mr. Altman’s leadership.
The original article contains 480 words, the summary contains 141 words. Saved 71%. I’m a bot and I’m open source!
