Friday, January 6, 2023

ChatGPT Maker OpenAI in Discussions to Sell Shares in Tender Offer Valuing Firm at $29 Billion: Report

OpenAI, the research firm that created ChatGPT, is in discussions for a tender offer with venture capital firms Thrive Capital and Founders Fund, according to a report. The company is reportedly in talks with the firms to sell shares from existing shareholders such as employees, in a tender offer that would value the firm at $29 billion (roughly Rs. 2,39,700 crore).

from Gadgets 360

No comments:

Post a Comment

Musk Says xAI to Take Legal Action Against Apple Over App Store Rankings

Elon Musk accused the Apple of breaching antitrust regulations in managing the App Store rankings and said that his artificial intelligence ...