Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Current and former OpenAI employees plan to sell about $6 billion worth of shares to investors including SoftBank, Dragoneer and Thrive Capital https://t.co/yc5mVQFpM6
OpenAI Employees To Offload Around $6 Billion In Stock When Valuation Reaches $500 Billion 💼💰
OpenAI Employees To Offload Around $6 Billion In Stock When Valuation Reaches $500 Billion
OpenAI is projected to pay CoreWeave up to $11.9 billion by October 2030, according to a recent SEC filing. The company is on track to achieve an annualized revenue run rate of $20 billion by the end of 2025, up from $12 billion in July. In addition, current and former OpenAI employees plan to sell approximately $6 billion worth of shares once the company's valuation reaches $500 billion. Investors involved in this stock sale include SoftBank, Dragoneer, and Thrive Capital.
