It is raining wealth in OpenAI at $500B valuation
Unbelievable: OpenAI worth $500 billion? Then the most exciting part: "At a potential $500 billion valuation, OpenAI would not only extend its lead as the most highly valued AI startup in history ... According to people familiar with the talks, OpenAI is preparing a secondary stock sale worth about $6 billion, with current and former employees selling shares to major investors including SoftBank, Dragoneer Investment Group, and Thrive Capital."
That would be a BIG rainfall in OpenAI as many $millionaires are minted at scale. Good People, when it works, it is magical. How do you create a value of $500 billion just like that? Truly Godly jealous!
OpenAI is in "early" talks for a secondary stock sale that could see employees sell about $6 billion in shares to investors including Thrive Capital, SoftBank and Dragoneer, at a valuation of $500 billion, Bloomberg reports, citing anonymous sources. A recent SoftBank-led funding round valued the ChatGPT maker at $300 billion. The news comes as tech companies vie for AI talent, dangling eye-popping sums. Founder Sam Altman said Friday that he anticipates spending trillions on artificial intelligence infrastructure, even if it necessitates a new form of financing.