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sources say openai will allow employees to sell shares to cash out

2024-10-03

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it house news on october 3, openai announced today that it successfully raised us$6.6 billion (it house note: currently about 46.364 billion yuan), and the company’s valuation reached us$157 billion (currently about 1.1 trillion yuan). the company's valuation nearly doubled in nine months, setting a record in silicon valley history.

the information reports that openai employees may soon have the opportunity to sell some of their shares in the company. openai chief financial officer sarah friar issued a memo within the company, stating that "the company has the ability to provide tender activities to provide liquidity options to eligible employees."

one person who has seen the memo said fryer carefully prepared a management report for investors. another person said that the report mainly used eye-watering comparisons to highlight that openai has the fastest revenue growth rate in the history of technology, which can only be compared with the likes of google and meta.

openai expects revenue to nearly triple next year to $11.6 billion (currently about 81.511 billion yuan), and then double again to $25.6 billion in 2026 (currently about 179.887 billion yuan). to achieve this goal, the startup is burning through hundreds of millions of dollars every month.