OPENAI BOOSTS SIZE OF SECONDARY SHARE SALE TO $10.3 BILLION

Summary from the TLDR AI newsletter

OpenAI is allowing current and former employees to sell more than $10 billion worth of stock in a secondary share sale. The sale will be at a $500 billion valuation, which is in line with expectations. OpenAI was valued at $300 billion in a fundraising round earlier in the year. Staff who have held shares for more than two years have until the end of September to decide whether to participate.