OpenAI permitted employees to sell up to $30 million worth of shares each in a secondary transaction last year, thereby making hundreds of current and former staff among the earliest financial beneficiaries of the artificial intelligence boom, according to a report by The Wall Street Journal on Sunday.
More than 600 current and former OpenAI employees sold shares worth a combined $6.6 billion in a secondary transaction conducted last October, the Journal report said. The sale valued the artificial intelligence company at approximately $400 billion, it added.
