Quartz·1 min read·medium
OpenAI completed a $7 billion employee stock buyback ahead of its possible IPO
✦AI Summary
OpenAI has finalized a $7 billion employee stock buyback, valuing the company at $852 billion. This move comes as the firm prepares for a potential initial public offering following a confidential SEC filing.
The deal values OpenAI at $852 billion and follows the company's confidential IPO filing with the SEC in June
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