OpenAI Staffers to Sell $6 Billion in Stock to SoftBank, Other Investors
OpenAI, the artificial intelligence research company, is set to see a significant stock sale. SoftBank, Dragoneer, and Thrive Capital have agreed to purchase shares from current and former OpenAI employees, valuing the company at $500 billion. The deal will allow OpenAI staffers to sell up to $6 billion worth of their stock holdings. This move comes as OpenAI continues to generate significant interest and investment in the AI space, with its groundbreaking language model, ChatGPT, gaining widespread attention. The transaction highlights the growing demand for AI-related technologies and the potential for substantial returns for those involved in the industry. While the details of the sale have not been fully disclosed, the high valuation reflects the perceived potential and impact of OpenAI's work in the field of artificial intelligence.
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