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OpenAI employees offered a $1.5 billion share sale

27.11.2024 09:35 AM
Home / Latest / OpenAI employees offered a $1.5 billion share sale
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OpenAI employees offered a $1.5 billion share sale
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OpenAI is offering employees the opportunity to sell up to $1.5 billion worth of shares to Japan's SoftBank Group through a new tender offer, according to sources familiar with the matter. This follows SoftBank's $500 million investment in OpenAI during an October funding round that valued the Microsoft-backed AI company at $157 billion. Employees have until December 24 to decide whether to participate, with the offer price aligned with the most recent funding valuation.
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OpenAI employees offered a $1.5 billion share sale

The purchase will be financed by SoftBank's Vision Fund 2, reflecting CEO Masayoshi Son's ongoing strategy to expand the conglomerate's presence in AI ventures. Son has aggressively increased investments in the sector, including stakes in OpenAI and chip startup Graphcore, as he positions SoftBank to capitalize on the AI boom.

OpenAI continues to command global attention with its flagship product, ChatGPT, which has reached 250 million weekly active users. The company's rapid growth and high valuation underscore its pivotal role in advancing the AI revolution.

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A Compact AI Device from OpenAI

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