OpenAI buys back $7 billion of employee shares in tender offer
OpenAI completed a tender offer letting employees sell roughly $7 billion of shares, according to a person familiar with the matter. The buyback comes ahead of a possible Wall Street debut.
1 source
Daily brief
Get tomorrow's AI brief in your inbox
More stories today
- Z.ai CEO Jie Tang: GLM 5.3 gains come from RL, not parameter count
- New tool adds 14 skills to Claude Code and Cursor for Markdown diagrams
- Tool turns Claude into a team of AI employees on your Mac
- GOP panics over Big Tech ties as Trump shifts on AI regulation
- Ethan Mollick: Claude's skill creator beats ChatGPT for reusable skills