Microsoft-backed OpenAI has informed some former staff that they can sell shares in ChatGPT maker in an extension of a recent tender offer that valued the AI developer at $86B, The Information’s Stephanie Palazzolo and Jon Victor report, citing two people who reviewed the offer.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- MSFT Teams Up with NTES to Relaunch Games in China
- Nvidia price target raised to $1,000 from $795 at Morgan Stanley
- Microsoft to invest $2.9B in AI, cloud infrastructure in Japan
- Marin Software enhances Microsoft Advertising integration
- Nvidia competition heats up as Intel, Google unveil new AI offerings
