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