Alright, folks, check this out. We got a hot scoop for ya. So, there’s this company, right? OpenAI, they’re the parent of ChatGPT, and get this, they’re on the verge of making a huge move. They’re about to sell some shares that value the whole damn company at a whopping $90 billion! Can you believe that? But here’s the kicker, they need some deep-pocketed investors from the Middle East to make that happen. The New York Post even says so.
Now, why would OpenAI want to sell these shares? Well, they ain’t just doing it for the fun of it. You see, they want their employees to cash out on their existing shares. Instead of issuing new shares to get some extra dough, they’re giving their team a chance to sell off what they already got. Smart move, if you ask me.
And get this, OpenAI’s been out there, pitching this deal to the investors. They’re making moves, my friends. They want to secure their future, and they want their employees to do the same. It’s all about that future wealth, baby.
But hold on, we got more for ya. You know how OpenAI is co-founded by Sam Altman, the man behind some serious innovation? Well, Microsoft, yeah, that Microsoft, they own a good chunk of OpenAI, about 49% to be precise. And now, they’re talking about helping OpenAI’s employees cash out on some serious moolah. We’re talking tens of millions of dollars worth of private stock. It’s like a tender offer, set to close on October 21.
Now, remember folks, as always, be sure to read up on the latest happenings. ChatGPT’s parent, OpenAI, is all about that AI game. They’re looking to bring down costs and make AI more budget-friendly. So keep an eye out for more exciting innovations from these folks.
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Alright, my friends, that’s the latest scoop. Remember, this is Benzinga.com, and they got all the goods. But hey, they ain’t giving no investment advice, so do your own research and make those money moves wisely. All rights reserved, folks. Stay tuned for more exciting news. Catch you on the flip side.