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OpenAI deal lets employees sell shares at $86 billion valuation

Livemint

Livemint · 1y ago

OpenAI deal lets employees sell shares at $86 billion valuation

OpenAI has allowed its employees to sell shares in the company at a valuation of $86 billion, making it one of the most valuable startups. The deal was led by venture capital firm Thrive Capital and was previously delayed due to the ousting of the CEO. OpenAI is also considering raising new funding that could further increase its valuation to over $100 billion. The company recently unveiled Sora, a text-to-video generator.

Related News

OpenAI allows staff to sell shares at $86 bn valuation: Report

Inshorts · 1y ago

OpenAI allows staff to sell shares at $86 bn valuation: Report

OpenAI has completed a deal allowing its employees to sell the startup's shares, Bloomberg reported. The tender offer valued OpenAI at $86 billion, making it one of the most valuable startups globally. The share sale, which was led by Thrive Capital, was previously scheduled for last year but was delayed following CEO Sam Altman's ouster from OpenAI in November.

OpenAI is in talks to sell shares at an $86 billion valuation

Economic Times

Economic Times · 1y ago

OpenAI is in talks to sell shares at an $86 billion valuation

OpenAI, an artificial intelligence research lab, is reportedly in talks to sell shares at a valuation of $86 billion. The company, known for its language-processing AI model, GPT-3, has seen a surge in interest and investments in recent years. The potential sale of shares would further solidify OpenAI's position as a leading player in the AI industry.

OpenAI valued at $80 billion following deal that allows staff to cash out their shares, report says

Business Insider

Business Insider · 1y ago

OpenAI valued at $80 billion following deal that allows staff to cash out their shares, report says

OpenAI, the AI firm, has completed a deal that values the company at $80 billion or more. The deal, led by venture capital firm Thrive Capital, involves a tender offer allowing OpenAI employees to sell their shares in the company. This follows a previous deal that valued OpenAI at $29 billion. OpenAI has been a key player in the AI industry and recently unveiled its latest AI tool, "Sora," which generates realistic videos based on text prompts. The company aims to gather external feedback and give the public a glimpse of future AI capabilities.

OpenAI's valuation hits $80 bn, tripling in under 10 months: NYT

Reuters

Reuters · 1y ago

OpenAI's valuation hits $80 bn, tripling in under 10 months: NYT

Microsoft-backed OpenAI has completed a deal that values the startup at $80 billion or more, The New York Times reported. It would reportedly sell existing shares in a tender offer led by the venture firm Thrive Capital. OpenAI's valuation has nearly tripled in less than 10 months, making it the third most valuable tech startup, the report added.

Figma Allows $900M Secondary Share Sale at $12.5B Value

deepnewz

deepnewz · 1y ago

Figma Allows $900M Secondary Share Sale at $12.5B Value

Figma, a collaborative online design software company, is allowing employees and early investors to sell up to $900 million in shares through a secondary offering. This comes after Adobe's acquisition proposal at a $20 billion valuation fell through. The new valuation for Figma is $12.5 billion, a 40% discount compared to the proposed Adobe deal. The tender offer is backed by Fidelity and other investors. The offering is one of the largest in recent times, and Figma's valuation is estimated to be just under $12 billion according to Canva's analysis.

SpaceX plans tender offer at $210 billion valuation: Report

Inshorts · 1y ago

SpaceX plans tender offer at $210 billion valuation: Report

Elon Musk's SpaceX is planning a tender offer, a transaction that allows employees and investors to sell shares, that values the firm at roughly $210 billion valuation, Bloomberg reported. SpaceX has reportedly decided to price the offer at a higher valuation due to significant demand. Musk last month denied a similar report, saying, "SpaceX has no need for additional capital."

Saudi mining company Ma’aden to buy Alcoa's stake in joint venture for $1.1 bn

VCCircle

VCCircle · 11m ago

Saudi mining company Ma’aden to buy Alcoa's stake in joint venture for $1.1 bn

Alcoa, a US aluminium maker, has announced plans to sell a 25.1% stake in its Ma'aden joint venture to Saudi Arabian mining company Ma'aden for $1.1 billion. The deal includes around 86 million shares of Ma'aden and $150 million in cash. Alcoa expects the transaction to be completed in the first half of 2025 and will continue to hold its Ma'aden shares for at least three years. The joint venture was established in 2009 and has since become a fully integrated mining complex in Saudi Arabia.

Exclusive: Clay secures a new round at a $3B valuation, sources say

TechCrunch · 2m ago

Exclusive: Clay secures a new round at a $3B valuation, sources say

Clay, a sales automation startup, has raised a Series C round at a $3 billion valuation, led by CapitalG. This follows a tender offer where employees sold shares at a $1.5 billion valuation. Founded in 2017, Clay pivoted to AI-driven sales tools, serving clients like OpenAI and HubSpot. Competing with platforms such as ZoomInfo, Clay is backed by investors including Sequoia and Meritech Capital. The company plans annual tender offers for stock sales.

OpenAI completes deal that values company at $80 billion

Economic Times

Economic Times · 1y ago

OpenAI completes deal that values company at $80 billion

OpenAI has completed a deal that values the company at $80 billion, making it one of the world's most valuable tech startups. The deal allows employees to cash out their shares and was led by venture firm Thrive Capital. OpenAI specializes in generative AI and gained attention with the release of the online chatbot ChatGPT. The funding comes at a critical time for OpenAI, after a year of controversy, including the dismissal and subsequent reinstatement of its CEO. Other AI companies have also seen huge investments in recent years.

OpenAI's $6.5 billion funding round oversubscribed: Report

Inshorts · 11m ago

OpenAI's $6.5 billion funding round oversubscribed: Report

Sam Altman-led OpenAI's $6.5 billion funding round has been oversubscribed, with excess demand running in billions, Bloomberg reported. While Microsoft, Apple and NVIDIA are among the investors likely to secure access to the round, some investors will get cut. The deal will reportedly value the AI startup at $150 billion, 74% higher than its previous valuation of $86 billion.

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