OpenAI's recent share sale for employees was 65% larger than previously reported, raising $495 million
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OpenAI completed a tender offer in April that allowed employees to sell shares to a group of investors.
• That sale raised $495 million, considerably more than the $300 million previously reported.
• The sale was completed through a Delaware shell company called Aestas Management Company.
OpenAI, the buzzy startup behind ChatGPT, sold even more shares than previously thought…
This story from businessinsider.com was posted on 2023-05-27 by @frostspark.