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

Create an illustrative visualization in a 3:2 aspect ratio, filled with positivity and brightness, using an imaginative and animated style. The illustration should symbolize OpenAI, a significant artificial intelligence company valued at $80 billion. The scene should include OpenAI employees excitedly cashing out their shares due to the successful deal. Add elements depicting the AI breakthroughs made by the firm, like a highly intelligent chatbot and a video creation tool. A visual representing a huge $10 billion support from a tech giant, Microsoft, in the background would add depth to the illustration. This image venerates the futuristic vision of AI technology, soaring revenues, and monumental impact on society.

OpenAI, an artificial intelligence (AI) firm, has completed a deal that values the company at $80 billion or more. The deal involves a tender offer led by venture capital firm Thrive Capital, allowing OpenAI employees to sell their shares in the company. This marks the second tender offer deal for OpenAI, with its valuation roughly tripling since last year. OpenAI gained significant attention with the release of its ChatGPT chatbot in November 2022. The company’s revenues skyrocketed to over $1.6 billion in 2023 due to the growing interest in AI technology. OpenAI has also received substantial support from Microsoft, including a $10 billion investment. Recently, OpenAI unveiled its latest AI tool called “Sora,” which enables users to create videos based on text. The tool can generate realistic videos up to a minute long, maintaining visual quality and adhering to user prompts. OpenAI is sharing its research progress to gather feedback and provide insight into the future of AI capabilities.

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