OpenAI is considering a significant secondary stock sale that could boost its valuation to around $500 billion. This move would enable current and former employees to cash out on shares, attracting interest from investors like Thrive Capital. If completed, this represents a 67% increase from its previous $300 billion valuation linked to a $40 billion fundraising effort, a record in private tech. The initiative aims to reward staff and retain top talent amid fierce competition from rivals like Meta, which are offering substantial financial packages. Recently, OpenAI secured $8.3 billion in additional funding, which was oversubscribed, enabling further product expansion. ChatGPT usage is surging, reaching 700 million weekly active users, while the company prepares for its upcoming GPT-5 release. Discussions are ongoing among key investors, including Microsoft, about OpenAI’s future structure and access to technology, raising questions about its potential growth. The company continues to navigate these developments while focusing on AI innovation and hardware acquisitions.
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