OpenAI is preparing to sell around $6 billion in stock as part of a secondary sale that would value the company at roughly $500 billion, CNBC confirmed Saturday.
The shares would be sold by current and former employees to investors including SoftBank and Thrive Capital, according to a person familiar with the negotiations. The talks are still in early stages and the details could change.
OpenAI's valuation has witnessed significant growth since the AI company launched ChatGPT in late 2022.
The company announced a $40 billion funding round in March, bringing its valuation to $300 billion, the largest amount ever raised by a private tech company.
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