Comment Section for OpenAI Completes Deal That Values the Company at $80 Billion - The New York Times

OpenAI, the artificial intelligence firm, has completed a deal that skyrockets its valuation to $80 billion, almost tripling the previous figure in under 10 months. This significant growth was facilitated by a tender offer led by venture firm Thrive Capital, allowing employees to sell their shares. OpenAI is now among the most valuable tech startups globally, trailing ByteDance and SpaceX. The recent funding surge in generative AI firms began with OpenAI's release of the chatbot ChatGPT. The deal arrives at a pivotal juncture for OpenAI, which faced leadership controversy when CEO Sam Altman was fired and later reinstated amidst board resignations. The law firm WilmerHale is conducting a review of these events. Interest in AI company investments remains high, with Microsoft having invested $13 billion in OpenAI and rival firms also raising substantial funds.