SoftBank moves to boost stake in OpenAI by $1.5 bn

ChatGPT creator OpenAI will allow its employees to sell shares worth roughly $1.5 billion to Japanese tech investor SoftBank, CNBC reported on Wednesday. The purchases in a tender offer will allow SoftBank to increase its stake in OpenAI and permit current and former OpenAI employees to cash out their shares, two anonymous sources told the US media outlet.

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