OPENAI VALUED AT $80 BILLION IN DEAL WITH THRIVE CAPITAL

Summary from the TLDR Founders newsletter

OpenAI has reportedly reached a valuation of over $80 billion following a deal with VC firm Thrive Capital. The valuation marks a nearly 3x increase in less than 10 months and makes OpenAI the 3rd highest-valued tech startup in the world. The deal involves a share sale under a tender offer and allows employees to cash out their shares in the company.