OpenAI allows employees to sell $1.5 billion stock to SoftBank: Report

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Washington DC, 27/2: 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. The Information reported that the Japanese conglomerate had already invested $500 million.

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