OpenAI Buys Back US$7 Billion in Employee Shares at US$852 Billion Valuation Ahead of IPO

OpenAI has repurchased approximately US$7 billion in employee shares at a valuation of US$852 billion, consistent with its most recent funding round. The transaction values the artificial intelligence startup at the same level as its latest capital raise, as the company prepares for a potential initial public offering. In the past, OpenAI has invited investors such as Thrive Capital and SoftBank Group to purchase employee shares.