OpenAI, the startup behind the artificial intelligence tools ChatGPT and DALL-E, will see its valuation jump at least 175% since its $300 million raise in the spring, thanks to a tender offer of employee stock.
The deal was first reported late last month and makes OpenAI one of the most valuable private companies in the world.
The new secondary deal means that in about six months OpenAI’s value jumped 2.75x and values it at around 60x its annualized revenue, per a report.
OpenAI is not the AI company in the headlines.
Zhipu released a generative AI chatbot in August based on its own models, and it is hoped by some the company can be the country’s version of OpenAi and Anthropic to help lead an AI boom in China.
Illustration: Dom Guzman
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