OPENAI STAFFERS TO SELL $6 BILLION IN STOCK TO SOFTBANK, OTHER INVESTORS

Summary from the TLDR newsletter

Current and former OpenAI employees who spent at least two years in the company may have the opportunity to sell approximately $6 billion worth of shares to an investor group that includes Thrive Capital, SoftBank Group Corp., and Dragoneer Investment Group. The deal would value OpenAI at $500 billion. Talks for the deal are still in an early stage, and the size of the sale could still change. The sale will allow OpenAI employees a chance to get cash-rich amid a high-stakes talent war in the artificial intelligence industry.