OpenAI is in early talks about raising its valuation to $500B

Description

OpenAI is in early discussions about a secondary sale of shares to former and current employees at a valuation of $500B. The company was previously valued at $300B after securing $8.3B for a second tranche of the $40B fundraising round led by SoftBank Group Corp. The stock sale was oversubscribed by nearly five times. Anonymous sources familiar with the matter said the company was targeting billions of dollars from the stock sales. The secondary sale is expected to raise more than last year’s $1...