OpenAI staff looking to sell $6 billion in stock to SoftBank, others: Source

Current and former employees of OpenAI are looking to sell nearly $6 billion worth of the ChatGPT maker’s shares to investors, including SoftBank Group and Thrive Capital, a source familiar with the matter told Reuters on Friday.

The potential deal would value the company at $500 billion, up from $300 billion currently, underscoring both OpenAI’s rapid gains in users and revenue, as well as the intense competition among artificial intelligence firms for talent.