OpenAI, SoftBank and Masayoshi Son
Inc · 4d
OpenAI Employees Can Sell $1.5 Billion in Stock to SoftBank
ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan’s SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. SoftBank’s billionaire CEO Masayoshi Son has ...
Impacts · 4d
SoftBank Has Expanded Its Investment In OpenAI By $1.5 Billion
OpenAI is permitting its staff to sell roughly $1.5 billion worth of shares to SoftBank in a fresh tender offer, according to CNBC. TakeAway Points: OpenAI is enabling its staff to sell roughly $1.5 billion worth of shares to SoftBank in a fresh tender offer.
Yahoo · 3d
SoftBank could increase its stake in OpenAI by $1.5 billion
SoftBank chief executive Masayoshi Son is pushing for the tender offer after repeatedly asking for a larger stake in OpenAI, a person told CNBC. The Japanese firm invested $500 million in OpenAI’s $6.6 billion funding round in October that valued the startup at $157 billion.
thetechportal.com · 3d
SoftBank offers $1.5Bn for OpenAI employee shares
Both OpenAI and SoftBank have declined to comment on the development, while reports revealed that this offer is not related to OpenAI’s transition to a “for-profit organization.” To be precise, the tender offer allows eligible employees of OpenAI,
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