OpenAI is in talks to complete a deal that would value the company at $80 billion or more, nearly triple its valuation less than six months ago, according to a person with knowledge of the discussions.
The company would sell existing shares in a so-called tender offer led by the venture firm Thrive Capital that would make OpenAI the most valuable start-up in San Francisco, that person said.
Amazon said last month that it would invest up to $4 billion in another San Francisco start-up, Anthropic, one of OpenAI’s primary competitors.
Over the summer, Cohere, a company founded by former Google researchers, raised $270 million, bringing its total funding to more than $440 million.
Inflection AI, founded by a former Google executive, raised a $1.3 billion round, bringing its total to $1.5 billion.
Persons:
OpenAI, Amazon
Organizations:
Google
Locations:
San Francisco