Not surprised to see one of these happening esp. for OpenAI. All the employees who have accumulated shares needed a way to offload them and this allows them to. With an evaluation of $500 billion even this $10 billion sale just scratches the surface.
OpenAI presented the offer to employees on Wednesday. Staffers who have held shares for more than two years have until the end of September to decide whether to participate, the person said. The transaction is slated to close in October.
This year alone OpenAI has almost doubled its evaluation from $300 billion to now $500 billion. It really makes me wonder when the AI bubble will pop because this growth isn't sustainable.