Monday, 19 February, 2024
OpenAI have completed a tender offer deal with Thrive Capital
THE AI’S HAVE IT: OpenAI have completed a tender offer deal with Thrive Capital, allowing employees to cash out, which values the company at $80bn+ (vs similar deal early last year which valued it at $29bn). Just the 40x sales then, pretty standard these days.
In terms of hype vs reality, interesting to see another article (Sunday Times (https://www.thetimes.co.uk/article/ai-mania-is-cooling-as-silicon-valley-plays-the-long-game-3pnr00ptd})
debating the actual corporate take-up (ie: monetisation) of the gargantuan AI spending going on. Follows on from a couple of pieces last week (WSJ https://www.wsj.com/tech/ai/early-adopters-of-microsofts-ai-bot-wonder-if-its-worth-the-money-2e74e3a2).
