OpenAI's market value is now $8 billion

A new deal puts artificial intelligence company OpenAI's market value at $80 billion, or $8 trillion. However, this assessment is not done for new investment, rather it is a kind of tender offer. It allows existing shareholders to sell shares to investors.
According to news agency Reuters, the company will be able to sell its existing shares through the so-called tender, led by venture firm Thrive Capital.

But this is not the first time, there was such an agreement last year as well. Venture capital firms Thrive Capital, Sequoia Capital, Andreessen Horowitz and K2 Global then bid to buy shares of OpenAI. OpenAI's service price, however, is much lower, at just $29 billion, or $2,900 million.

By the end of 2022, thanks to OpenAI, the artificial intelligence or AI craze had begun. Later that year, they brought ChatGPT to market and hit the shelves. The next reality is that all tech companies have now increased their allocations to AI research. The main reason for major layoffs in the tech sector in 2023 is the increase in allocations to AI research.

Reuters also reported that OpenAI CEO Sam Altman is in talks to raise financing to build the chip company. There is no substitute for chips to put wind in the sails of the AI revolution.

AI was the hottest topic in the technology sector in 2023 Big tech companies like Alphabet, Microsoft, Amazon and Meta have invested billions of dollars in developing AI capabilities Meta CEO Mark Zuckerberg has called 2023 the 'year of efficiency'.

But at the same time, the tech sector also saw a record number of job cuts last year. It is assumed that this trend will continue in the new year. As a result, new concerns about job cuts have arisen. At least recent layoffs at multinationals like Google and Amazon suggest so.