menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

OpenAI All...
source image

Silicon

4w

read

1.1k

img
dot

Image Credit: Silicon

OpenAI Allows Staff To Sell $1.5 Billion Stock To SoftBank – Report

  • SoftBank is set to acquire more OpenAI shares through a $1.5 billion tender offer for current and former employees.
  • Eligible employees, holding restricted stock units for at least two years, can sell their shares at $210 per unit, matching OpenAI's $157 billion valuation in its October 2024 funding round. The deal, driven by SoftBank CEO Masayoshi Son, aims to increase SoftBank’s stake in the AI leader after its $500 million investment in October.
  • Employees have until December 24 to participate. This move underscores SoftBank's focus on AI amid growing competition from Microsoft, Google, and others.

Read Full Article

like

9 Likes

For uninterrupted reading, download the app