Secondary Share Sale

OpenAI is expanding its secondary share sale to approximately $10.3 billion, up from the initially planned $6 billion, valuing the AI firm at $500 billion. This provides current and former employees a chance to liquidate equity. Key investors include SoftBank, Dragoneer, and T. Rowe Price. The move gives OpenAI flexibility to invest in R&D, scale infrastructure, and attract talent, while avoiding the pressures of an immediate IPO. This increased sale reflects confidence in OpenAI’s long-term prospects and validates its leading position in generative AI.