OpenAI has finalized a significant agreement enabling current and former employees to sell approximately $6.6 billion in shares, elevating the company’s valuation to $500 billion. This secondary sale positions OpenAI as the world’s most valuable startup, surpassing Elon Musk’s SpaceX. Previously, OpenAI was valued at $300 billion following a $40 billion financing round led by SoftBank Group Corp. This milestone highlights OpenAI’s impressive growth, driven by its innovative AI technologies like ChatGPT, and reflects the increasing interest in the AI sector. The transaction represents a strategic move for employees, offering them liquidity and reinforcing OpenAI’s financial strength in the competitive tech landscape. This development further solidifies OpenAI’s role as a leader in artificial intelligence, attracting attention from investors and industry experts alike.
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