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.

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,

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,

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.

SoftBank Group Corp. aims to increase its stake in OpenAI by acquiring up to $1.5 billion in shares from the startup’s employees, according to people familiar with the matter.