OpenAI staff looking to sell $6 billion in stock to SoftBank, others: Report

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Current and former employees of OpenAI are looking to sell nearly $6 billion worth of the ChatGPT maker’s shares to investors including SoftBank Group and Thrive Capital, a source familiar with the matter told Reuters on Friday.

The potential deal would value the company at $500 billion, up from $300 billion currently, underscoring both OpenAI’s rapid gains in users and revenue, as well as the intense competition among artificial intelligence firms for talent.

SoftBank, Thrive and Dragoneer Investment Group did not immediately respond to requests for…



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OpenAI staff looking to sell $6 billion in stock to SoftBank, others: Report


Current and former employees of OpenAI are looking to sell nearly $6 billion worth of the ChatGPT maker’s shares to investors including SoftBank Group and Thrive Capital, a source familiar with the matter told Reuters on Friday.

The potential deal would value the company at $500 billion, up from $300 billion currently, underscoring both OpenAI’s rapid gains in users and revenue, as well as the intense competition among artificial intelligence firms for talent.

SoftBank, Thrive and Dragoneer Investment Group did not immediately respond to requests for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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