<p>ChatGPT-owner <a href="https://www.deccanherald.com/tags/openai">OpenAI</a> is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, <em>CNBC</em> reported on Wednesday, citing two people familiar with the matter.</p>.<p>The report comes after Microsoft-backed OpenAI completed a $6.6 billion funding round from investors, including SoftBank in October at a valuation of $157 billion.</p>.<p>The Information reported that the Japanese conglomerate had already invested $500 million in the AI company.</p>.ANI sues OpenAI for unsanctioned content use in AI training.<p>CNBC said the new financing was spurred by SoftBank's billionaire CEO Masayoshi Son, who was persistent in seeking a larger stake in the startup after investing in its last funding round.</p>.<p>The tender offer is set to close this week and will allow current and former OpenAI employees to cash out their shares, according to the report.</p>
<p>ChatGPT-owner <a href="https://www.deccanherald.com/tags/openai">OpenAI</a> is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, <em>CNBC</em> reported on Wednesday, citing two people familiar with the matter.</p>.<p>The report comes after Microsoft-backed OpenAI completed a $6.6 billion funding round from investors, including SoftBank in October at a valuation of $157 billion.</p>.<p>The Information reported that the Japanese conglomerate had already invested $500 million in the AI company.</p>.ANI sues OpenAI for unsanctioned content use in AI training.<p>CNBC said the new financing was spurred by SoftBank's billionaire CEO Masayoshi Son, who was persistent in seeking a larger stake in the startup after investing in its last funding round.</p>.<p>The tender offer is set to close this week and will allow current and former OpenAI employees to cash out their shares, according to the report.</p>