OpenAI Employees Benefit from $1.6 Billion Stock Sale

OpenAI has organized a lucrative private stock sale in partnership with SoftBank Group, allowing approximately 400 current and former employees to sell their shares at $210 each. This tender offer, which could total up to $1.6 billion, reflects OpenAI's remarkable valuation increase to $157 billion after a recent $6.6 billion funding round. Current employees can cash out up to $10 million, while former employees are guaranteed at least $2 million, although they may not reach the maximum if there are more participants than shares available. Eligible employees must decide by December 24 whether to sell their shares, which could provide significant financial benefits amid the company's growth. SoftBank's investment strategy continues to emphasize AI, following its earlier $500 million stake in OpenAI. This stock sale highlights the financial opportunities for employees at successful tech firms amidst a broader trend of liquidity options being offered in the industry.