SoftBank invests $1.5 billion in OpenAI, enabling employees to sell shares by December 24.

SoftBank is investing $1.5 billion in OpenAI, allowing the AI company's employees to sell shares in a tender offer. This follows OpenAI's $6.6 billion funding round at a $157 billion valuation in October, which also included SoftBank's $500 million investment. The tender offer, closing on December 24, allows current and former OpenAI employees to cash out their shares. SoftBank's CEO, Masayoshi Son, has been persistent in seeking a larger stake in the startup.

November 27, 2024
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