OpenAI is planning a major employee stock sale that could reach up to $8 billion, surpassing earlier estimates of $6 billion. The sale is set against a company valuation of $500 billion and is expected to be one of the largest employee liquidity events in Silicon Valley history. Key investors include SoftBank, which has committed at least $1 billion, along with Thrive Capital, T. Rowe Price, and Dragoneer Investment Group showing interest. OpenAI’s investor materials caution that investing in the company carries high risk, highlighting uncertainties about the role of money in a future with advanced artificial general intelligence (AGI). Meanwhile, other AI and tech startups are also attracting significant funding, including Lovable, which has received investment offers at a $4 billion valuation, and Dutch no-code web design automation company Framer, which recently raised $100 million in a Series D round led by Meritech and Atomico, reaching a $2 billion valuation.
No-code website builder Framer reaches $2B valuation: https://t.co/c0WtuCQwAX by TechCrunch #infosec #cybersecurity #technology #news
Framer, a no-code website builder that claims over half a million monthly active users,has reached a $2 billion valuation after raising a $100 million Series D funding round led by existing investors Meritech and Atomico. https://t.co/ma9IdqHlBF
Investors are loving Lovable: https://t.co/8fejBS5KRj by TechCrunch #infosec #cybersecurity #technology #news