OpenAI may allow employees sell shares worth $1.5 billion to SoftBank: Why it is important for the Japanese company

Softbank may get a bigger pie in ChatGPT-maker OpenAI as the AI company has reportedly let its employees sell shares worth around $1.5 billion to the Japanese tech conglomerate. Furthermore, OpenAI staff can liquidate their shares.
Citing people familiar with the matter, news agency Reuters reported that employees have until December 24 to decide whether to participate in the newly-disclosed tender offer. The deal was reportedly driven by SoftBank’s billionaire founder and CEO Masayoshi Son, who pressed for a larger stake in the startup after putting $500 million into OpenAI’s last funding round.