OpenAI allows employees to sell up to $30 million worth of shares in its recent funding round.
According to The Wall Street Journal, OpenAI allowed each employee to sell up to $30 million worth of shares in its recent funding round, making them among the early beneficiaries cashing out amid the current AI boom. The report states that in October last year, over 600 current and former employees collectively sold shares worth $6.6 billion; approximately 75 of them hit the $30 million cap. Employees had previously waited about two years before being granted the opportunity to sell their shares.