AI Matters

Why it matters

OpenAI completes $7 billion stock buyback for employees

The Decoder OpenAI lets employees cash out another $7 billion in stock

OpenAI finalized a $7 billion tender offer allowing current and former employees to sell shares at a company valuation of $852 billion.

Why it matters

The deal allows staff to cash out their shares, easing pressure on the company to launch an immediate initial public offering.