OpenAI staff looking to sell $6 billion in stock to SoftBank, others, source says

Openai’s current and former employees are looking to sell investors, including the SoftBank Group and Thrive Capital, to sell the shares of about 6 billion dollars of CHATGPT manufacturer, a source familiar with the case told Reuters on Friday.

The potential deal will cost the company $ 500 billion, which currently exceeds $ 300 billion, outlining both the rapid benefits of openaiAI in users and revenue, as well as intense competition between artificial intelligence firms for talent.

SoftBank, Thrive and Dragoner Investment Group did not immediately respond to the remarks requests. All three investment firms are current Openai investors.

Bloomberg News, who had previously reported development, said that the discussion is in the initial stages and the size of the sales could change.

Secondary share sales investment adds the role of SoftBank to OpenaiI’s primary funding round of $ 40 billion.

Inspired by its flagship product chatgipt, Openai doubled its revenue in the first seven months of the year, reaching an annual run -rate of $ 12 billion, and on track to reach $ 20 billion by the end of the year, Reuters stated earlier in August.

Microsoft-supported Openai has about 700 million weekly active users for its Chatgpt products, growing from about 400 million in February.