Text to Video Transformation: OpenAI Reaches Market Value of IDR 1,240 Trillion!

Teknologi Terkini - Posted on 17 February 2024 Reading time 5 minutes

DIGIVESTASI - OpenAI is a Rp 1,000 trillion company. This happened in less than a year and its value tripled. The AI company is said to have signed a new contract that increased its valuation to $80 billion or equivalent to Rp1,240 trillion.

 

OpenAI's new valuation comes from the sale of its shares in a tender offer by a number of investors led by Thrive Capital, as quoted by The New York Times, Saturday (17/1/2024). This agreement allows employees to exchange shares in the company. However, OpenAI declined to comment on the proposed acquisition and new valuation. 

 

The deal comes after the controversy that occurred at OpenAI. For example, he parted ways with his boss Sam Altman last November. This dismissal caused an uproar between the company and the public. The employee also resigned in solidarity with his boss. Eventually, the issue was resolved when Altman returned to lead OpenAI. However, several directors resigned. 

 

OpenAI signed a similar deal last year. Venture capital firms Thrive Capital, Sequoia Capital, Andreessen Horowitz and K2 Global wanted to buy the company's shares in a takeover bid. 
In fact, many companies want to invest money in OpenAI. Microsoft, which is a big funder of companies, is one of them.

 

One of them was $10 billion in January last year. The total investment in OpenAI will reach $13 billion.


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Source: cnbcindonesia.com

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