OpenAI completes deal that values company at $80 billion

OpenAI, an artificial intelligence company based in San Francisco, has recently completed a funding deal that values the company at $80 billion or more, according to insider reports. The deal involved selling existing shares in what is known as a tender offer. This allows employees of the company to cash out their shares. OpenAI is now considered one of the world’s most valuable tech startups, following investments from venture firm Thrive Capital, among others. This funding comes at a crucial time for OpenAI, following a year of controversy and leadership changes.