OpenAI's second stock offering exceeds 10 billions, valuation reaches $500 billion

Jinse Finance reported that OpenAI is expanding its secondary stock offering by more than $4 billion. According to sources, OpenAI will offer eligible current and former employees the opportunity to sell approximately $10.3 billion worth of shares, a significant increase from the initial target of $6 billion. The source stated that the valuation for this stock offering will reach $500 billion, in line with market expectations. Earlier this year, OpenAI's latest round of financing valued the company at $300 billion. The source also mentioned that OpenAI informed employees of this proposal on Wednesday. Employees who have held shares for more than two years must decide whether to participate in this transaction by the end of September, with the deal expected to be completed in October. Participating investment institutions include SoftBank Group, Dragoneer Investment Group, and Thrive Capital.