Tag: Thrive Capital

OpenAI Is in Talks to Raise New Funding at Valuation of $100 Billion or More
Technology

OpenAI Is in Talks to Raise New Funding at Valuation of $100 Billion or More

[ad_1] OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion, people with knowledge of the matter said, a deal that would cement the ChatGPT maker as one of the world's most valuable startups.Investors potentially involved in the fundraising round have been included in preliminary discussions, according to the people, who asked not to be identified to discuss private matters. Details like the terms, valuation and timing of the funding round haven't yet been finalized and could still change, the people said. If the funding round happens as planned, it would make the artificial intelligence darling the second-most valuable startup in the US, behind only Elon Musk's Space Exploration Technologies Corp., according to data from CBInsights.  ...
OpenAI’s $86 billion share sale in jeopardy after Altman firing
Technology

OpenAI’s $86 billion share sale in jeopardy after Altman firing

[ad_1] A planned sale of OpenAI employee shares that would value the startup at about $86 billion on paper hangs in the balance after the sudden firing of CEO Sam Altman and a slew of top executive departures, the Information reported on Saturday.The tender offer, which Thrive Capital is leading, has not yet closed but has been in its final stages and was expected to be completed as soon as next month, the report added, citing a person familiar with the matter. OpenAI and Thrive Capital did not immediately respond to Reuters' requests for comment. We are now on WhatsApp. Click to joinThe news comes after the board of the company behind ChatGPT fired Altman on Friday.Greg Brockman, OpenAI president and co-founder, who stepped down from the board as chairman as part of the management shuf...