OpenAI’s Valuation Soars to $500 Billion After Massive Employee Share Sale
OpenAI’s Valuation Soars to $500 Billion After Massive Employee Share Sale OpenAI has officially become the world’s most valuable private company, reaching an astounding $500 billion valuation following a $6.6 billion sale of shares held by current and former employees. This significant transaction, detailed in a recent Bloomberg report, saw major investors including SoftBank, Dragoneer Investment Group, Thrive Capital, MGX, and T. Rowe Price acquire stakes. While not a traditional funding round, with cash going directly to individuals, this share…