OpenAI Gives Employees Extra Month to Opt Into Plan to Sell Shares
- Concerns over the tender had arisen amid tumult over Altman
- AI startup is giving staff an extra month to opt into the sale
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OpenAI is sticking with a plan to let employees sell shares in the company through what’s known as a tender offer, and it’s giving would-be participants an extra month to decide whether to take part, according to several people with knowledge of the matter.
OpenAI had been in talks to sell shares in a deal that would value the artificial intelligence pioneer at $86 billion, people with knowledge of the matter told Bloomberg in October. But concerns it might not proceed as planned emerged earlier this month amid the turmoil that led to the firing — then quick re-hiring — of Chief Executive Officer Sam Altman.