27/11/2024, 11:52:03 am

OpenAI allows employees to sell $1.5 billion stock to SoftBank, CNBC report

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, CNBC reported on Wednesday, citing two people familiar with the matter. The report comes after Microsoft-backed OpenAI completed a $6.6 billion funding round from investors, including SoftBank in October at a valuation of $157 billion.