OpenAI buy back $7 billion in employee shares

According to market news, OpenAI has completed a deal to help employees sell some $7 billion in company shares in preparation for a possible future IPO. Two knowledgeable sources stated that OpenAI ' s offer did not seek the involvement of external investors, but was to buy back shares directly from current and former employees. The transaction was valued at $85.2 billion for AI Start-up, which is consistent with its valuation in its most recent round of financing. In the past, OpenAI has also invited investors such as Thive Capital and the Soft Silver Group to purchase employee shares. (Grunting)

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