According to BlockBeats, OpenAI has reportedly completed a transaction that values the artificial intelligence company at $80 billion. This marks a nearly twofold increase in its valuation in less than 10 months.

OpenAI, founded in 2015, has been at the forefront of AI research and development, with a mission to ensure that artificial general intelligence (AGI) benefits all of humanity. The company has made significant strides in the field, including the development of the GPT-3 language model, which has garnered widespread attention for its advanced natural language processing capabilities.

This latest valuation highlights the growing interest and investment in the AI sector, as companies and investors alike recognize the potential impact of AI technologies on various industries and the global economy. As OpenAI continues to make advancements in AI research, its increased valuation serves as a testament to the company's progress and the potential for further growth in the AI market.