OpenAI boosts size of secondary share sale to $10.3 billion

OpenAI boosts size of secondary share sale to $10.3 billion

OpenAI is allowing current and former employees to sell more than $10 billion worth of stock in a secondary share sale.

OpenAI Expands Employee Share Sale to $10.3B, Valued at $500B

In a significant escalation of its financial maneuvers, OpenAI has ramped up the size of its employee share sale to approximately $10.3 billion, valuing the artificial-intelligence powerhouse at a staggering $500 billion. This adjustment, driven by surging investor interest, marks an increase from an earlier reported figure of about $8 billion, according to details shared by a person close to the company as reported in The Information. The move …

OpenAI Expands Employee Share Sale to $10.3 Billion at $500B Valuation - Channelchek

OpenAI is expanding its latest secondary share sale, allowing current and former employees to sell up to $10.3 billion worth of stock. The transaction values the artificial intelligence company at $500 billion, reinforcing its position as one of the most highly valued private startups globally. The expanded sale, up from the $6 billion originally targeted, provides employees an opportunity to realize gains without forcing the company into a near…

OpenAI increases the size of secondary stock sales to $ 10.3 billion

OpenAi increases the size of its secondary stock sales by more than $ 4 billion, has learned CNBC. The startup of the artificial information offers eligible current and former employees the opportunity to sell around $ 10.3 billion in stock, an increase in the $ 6 billion on which it was initially aimed, according to […]

OpenAI Boosts Share Sale To $10 Billion, Says Report, Days After CEO Altman Warned Of An 'AI Bubble'

OpenAI is planning to offer $10.4 billion in secondary share sales as it boosts the size of its offering from an earlier $6 billion, suggests a report from CNBC. The firm is the most valuable AI company in the world and plans to sell more equity at $500 billion and simultaneously resolve its ownership and profitability structures. The secondary sales also come after CEO Sam Altman warned earlier that AI could be in a bubble following reports of …