Will thrive lead a $80 billion deal with OpenAI?

Now, Thrive is in talks to lead another tender offer that values the company at $80 billion or more, the person with knowledge of the deal said. OpenAI is not issuing new shares. The deal would allow the company’s employees to sell their existing shares. The start-up’s valuation was reported earlier by The Wall Street Journal.

Will thrive capital buy OpenAI shares from employees?

Investment firm Thrive Capital is leading a deal to buy OpenAI shares from employees through a tender offer that would give the company a paper valuation of at least $80 billion, according to a person with direct knowledge. The deal would boost OpenAI’s valuation by at least three times from a similar transaction the startup made six months ago.

Will OpenAI go public?

Last April, Thrive, Sequoia Capital, Andreessen Horowitz and K2 Global agreed to acquire new shares in OpenAI, bringing its valuation to around $27 billion. OpenAI CEO Sam Altman, who was ousted from the company last year and promptly brought back after internal uproar, has said the company has no intentions to go public in the near future.