Around 400 current and former OpenAI employees are set to become millionaires through a private stock sale organized by the company. The deal, in collaboration with Japan’s SoftBank Group, allows eligible shareholders to sell their equity at $210 per share, offering a substantial financial windfall. This comes as OpenAI’s valuation has surged to $157 billion in the past year, providing insiders with an opportunity to cash in on the company’s explosive growth.
The sale also marks a shift in OpenAI’s equity policies, which now offer more inclusive participation for both current and former employees. Previously criticized for restricting stock sales among ex-employees, particularly those who moved to competitors, OpenAI has relaxed its rules, reflecting broader trends in the tech industry where fewer companies are going public and stock options play a key role in employee compensation.
Speculation surrounds whether former OpenAI leaders now at rival firm Anthropic, including CEO Dario Amodei, will take part in the tender. Although Anthropic declined to comment, the situation highlights the competitive nature of the AI sector.
While $2 billion in stock is eligible for sale, SoftBank will purchase $1.6 billion, leaving some shares unsold. For those who qualify, the sale represents a significant financial boost, further cementing OpenAI’s rise as a major player in the AI industry.
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