EventBusinessAugust 11, 2026

OpenAI completes $7 billion employee tender offer

Read original source →techcrunch.com

OpenAI bought back $7 billion in employee shares, valuing the lab at $852 billion — the same as its March round, which raised $122 billion. Bloomberg reported the deal; OpenAI filed confidentially with the SEC in June for a potential IPO, but the tender suggests that debut may wait.

People · Sam Altman

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