Reported about 23 hours ago
Current and former employees of OpenAI are preparing to sell approximately $6 billion in shares to a group of investors, including SoftBank, valuing the company at $500 billion. This secondary share sale is aimed at providing cash to employees amidst fierce competition for AI talent, as companies like Meta offer high salaries to recruit from OpenAI. The deal comes after OpenAI secured $8.3 billion in funding, and represents a major investment by SoftBank in the company's future growth.
Source: YAHOO