Wow, OpenAI Worth IDR 1,252.4 Trillion More In Latest Agreement

OpenAI, has finalized a deal that assesses the company as worth 80 billion US dollars (IDR 1,252.4 trillion) or more (photo: dock. pexsel)

JAKARTA - The artificial intelligence company backed by Microsoft, OpenAI, has finalized a deal that assesses the company as worth 80 billion US dollars (IDR 1,252.4 trillion) or more, as reported by the New York Times on Friday, February 16, citing people familiar with the deal.

The company will sell existing shares in a tender offer led by venture capital firm Thrive Capital, the report said.

In the agreement, employees will be able to cash out their shares in the company rather than perform traditional funding rounds that will raise funds for businesses, the report added. OpenAI has not responded to requests for comment from the media.

The company agreed with a similar deal earlier last year. venture capital firm Thrive Capital, Sequoia Capital, Andreessen Horowitz, and K2 Global agreed to buy OpenAI shares in the tender offer, which assessed the company to be around US$29 billion (Rp 454 trillion), the report said.

OpenAI's launch of the ChatGPT by the end of 2022 has started a stir around artificial intelligence, prompting companies to explore ways to capitalize on the power of the technology.

OpenAI CEO Sam Altman is also reportedly in talks to raise funding for a chip venture as he seeks to increase the world's chip development capacity to push for new tools related to artificial intelligence.