OPENAI IN TALKS FOR SHARE SALE AT $500 BILLION VALUATION

Summary from the TLDR newsletter

OpenAI is in early talks about a potential sale of stock for current and former employees at a value of about $500 billion. Investors have approached OpenAI about buying some of the employee shares. If the deal goes ahead, OpenAI's on-paper price would rise by roughly two-thirds. The company expects to reach 700 million active weekly users this week, up from 500 million at the end of March.