OpenAI offers employees the chance to sell $1.5 billion worth of shares to SoftBank in a new tender offer. The new financing will enable SoftBank to increase its stake in OpenAI and allow employees to sell their shares. The deal was driven by SoftBank's Masayoshi Son, who pushed for a larger stake in OpenAI after his $500 million investment in the previous funding round. OpenAI's valuation has surged to $157 billion, fueled by major investments, including $13 billion from Microsoft.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02OpenAI is offering employees a chance to sell 1.5 billion dollars
00:06worth of shares to SoftBank in a new tender offer.
00:09The new financing will enable SoftBank to increase its stake in OpenAI
00:13and allow employees to sell their shares.
00:15The deal was driven by SoftBank's Matsuyoshi Son, who pushed for a larger stake in OpenAI
00:20after his 500 million dollar investment in the previous funding round.
00:24OpenAI's valuation has surged to 157 billion dollars
00:28fueled by major investments including 13 billion for Microsoft.
00:32For all things money, visit benzinga.com slash gstv