OpenAI wraps $6.6 billion share sale at $500 billion valuation
OpenAI completed a $6.6 billion secondary share sale, allowing current and former employees to sell stock at a record $500 billion valuation. The deal, which included investors such as Thrive Capital, SoftBank, Dragoneer, Abu Dhabi’s MGX, and T. Rowe Price, involved about two-thirds of the $10.3 billion in authorized shares. The sale follows a previous $1.5 billion transaction with SoftBank in November and solidifies OpenAI … Continue reading OpenAI wraps $6.6 billion share sale at $500 billion valuation
