Barron Roundtable panelists Ben Levisohn, Al Root, and Elizabeth OBrien discuss how NVIDIA’s earnings report will impact the market.
OpenAI powered by Microsoft Artificial intelligence (AI) A new report says it has completed a deal that values the company at more than $80 billion.
The New York Times reported Friday that OpenAI will sell its shares in a tender offer led by venture capital firm Thrive Capital, citing people familiar with the deal.
Under the deal, employees will be able to cash out their OpenAI stock rather than in a traditional company-funded round. sell stocks to investors The purpose was to raise funds for the project, the report added.
OpenAI was involved in a similar deal early last year, when venture capital firms Thrive Capital, Sequoia Capital, Andreessen Horowitz and K2 Global acquired OpenAI stock in a tender offer for about $29 billion, the Times report said. It pointed out.
OPENAI CEO Sam Altman seeks ‘trillions of dollars’ to accelerate chip manufacturing for AI: Report
This photo illustration shows the OpenAI logo on a mobile phone screen on January 9, 2024. (Dilara Irem Sankar/via Anadolu/Getty Images)
OpenAI did not immediately respond to a request for comment.
The company is Chatbot ChatGPT powered by AI At the end of 2022.
OpenAI CEO Sam Altman He is reportedly in talks to raise funding for a new chip venture, aiming to increase the world’s ability to manufacture more high-end chips to power AI tools. thing.
Altman temporarily left his role at OpenAI late last year amid an alleged “breakdown of communication” between him and the company’s nonprofit board in November.
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OpenAI and CEO Sam Altman are reportedly considering a new AI chip venture. (Lionel Bonaventure/via AFP/Getty Images)
Microsoft was planning to hire Altman. Many employees at the company have threatened to resign before the dispute can be resolved in a way that allows Mr. Altman to remain in his job. Under the agreement, all but one of OpenAI’s board members will resign, and Microsoft will retain non-voting observer status on the board.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| MSFT | Microsoft Corporation | 404.06 | -2.50 | -0.61% |
OPENAI rakes in more than $1.6 billion in revenue amid CEO Sam Altman drama
Since his return, Altman has made expanding OpenAI’s board a priority and sought funding for new AI chip ventures.
of The Wall Street Journal reported Altman wants to transform semiconductor manufacturing to accelerate AI development through an effort that could cost $5 trillion to $7 trillion, people told the outlet on Thursday.
OpenAI CEO Sam Altman during a panel session on the third day of the World Economic Forum in Davos, Switzerland, January 18, 2024. (Stefan Vermes/via Bloomberg/Getty Images)
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The report said Altman met with UAE investors and SoftBank’s CEO, as well as semiconductor manufacturers including Taiwan Semiconductor Manufacturing Co. (TSMC) about the plan. Altman’s funding plan is aimed at addressing constraints to OpenAI’s growth, including a lack of AI chips needed to train advanced large-scale language models like those that power ChatGPT.
Last year, Altman was pitching. AI chip projectThe development, codenamed Tigris, was offered to investors in the Middle East, Bloomberg reported.
Reuters contributed to this report.
