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A group of current and former OpenAI employees are eligible to cash out up to $10 million worth of shares as part of the company’s $1.6 billion tender offer to SoftBank, a source has told Fortune.
OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies.
(Reuters) -ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told ...
SoftBank is in talks to invest up to $25 billion in OpenAI, which could value it around $300 billion. The deal could make OpenAI the joint-second most valuable tech company after SpaceX.
OpenAI workers may soon be allowed to sell their shares in the AI firm, The Information reported. The report cited a memo sent to employees that said details on stock sales were being worked out.
The "Stargate" term dates back to 2024, when OpenAI and Microsoft started developing a $100 billion AI supercomputer. [10] [11]On January 21, 2025, President Donald Trump announced the venture at a White House press conference, accompanied by Sam Altman from OpenAI, Larry Ellison from Oracle and Masayoshi Son from SoftBank.
After a whirlwind week for OpenAI, former and current employees are weighing in on the company's path forward. OpenAI's chief technology officer, Mira Murati, and top researchers, Barret Zoph and ...
Sam Altman is returning as OpenAI’s CEO, ending a days-long power struggle that began with his firing late Friday afternoon.The AI developer behind ChatGPT also has a new board, including former ...