OpenAI employees will have the option of cashing out of their shares worth around $1.5B in a tender offer to SoftBank (OTCPK:SFTBY), two people familiar with the matter told CNBC. Employees have till December 24 to decide on participating in the tender offer,

OpenAI employees plan to sell $1.5 billion worth of shares to SoftBank in a move that highlights both liquidity needs and escalating AI competition.

SoftBank Group is poised to increase its investment in OpenAI through a $1.5 billion tender offer, according to sources familiar with the matter. The Japanese conglomerate’s move comes on

OpenAI, the leading artificial intelligence (AI) start-up, has bagged a fresh investment of nearly $1.5 billion from Japanese tech giant SoftBank. The deal will allow both current and former employees of OpenAI to sell their shares,

SoftBank Group is starting a tender offer to buy shares worth $1.5 billion in OpenAI from employees of the startup behind ChatGPT, a person familiar with the matter said. The Japanese tech investment company is making the investment through its Vision Fund ...

ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan’s SoftBank Group, two sources familiar with the matter told Reuters on Wednesday.