OpenAI and Thrive Capital Reach $80B Collaboration Agreement

The New York Times reported on February 16 that OpenAI has agreed to a partnership with Thrive Capitol worth more than $80 billion. As a result, the value of OpenAI is three times higher than before. This agreement allows for a tender offer to give employees who hold shares the right to sell their shares for cash. Instead of traditional fundraising to raise money for business operations

The deal is another example of a collaborative Silicon Valley deal that has provided funding to several companies specializing in generative AI, a technology that can generate text, sound, and images on its own. Fundraising began earlier this year. After the launch of ChatGPT

The deal comes at the same time that Sam Altman was ousted as CEO by the company's top executives. This is because the company has lost confidence in its leadership. This resulted in protests from employees within the company threatening to resign, causing Sam Altman to return to his duties as CEO.

The company agreed to a similar deal earlier this year. Venture capital firms Thrive Capital, Sequoia Capital, Andreessen Horowitz, and K2 Global agreed to buy shares of OpenAI in a tender offer, valuing the company at about $29 billion. And investors are eager to pour money into the company. AI Last January, Microsoft invested $10 billion in OpenAI, bringing its total investment in startups to $13 billion. In addition, OpenAI has discussed new fundraising channels to raise additional funds. which may cause the value to increase And the value of the coin increases along with the value of the company.