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OpenAI Employees Sell Shares: Over 600 Cash Out $6.6 Billion

According to The Wall Street Journal, OpenAI allowed each employee in its recent funding round to sell up to $30 million worth of stock, making it one of the earliest financial beneficiaries of the AI boom. Last October, more than 600 current and former employees sold their shares at once, cashing out a total of $6.6 billion. Approximately 75 individuals received the full $30 million selling quota. Notably, some employees chose to deposit unspent portions of their proceeds into donor-advised funds, securing tax deductions while committing the capital to charitable causes. OpenAI's latest valuation has reached $852 billion, ranking among the world's most expensive tech startups. Employees who have been with the company for over seven years saw their share value increase by more than 100 times—compared to just about threefold growth in the Nasdaq Composite Index during the same period. The eligibility threshold for this liquidity event requires two years of tenure since joining the firm, marking the first time that staff hired after ChatGPT's launch could realize gains. Analysts suggest that the upcoming IPOs of both OpenAI and Anthropic may rank as among the largest ever, potentially enabling thousands of ordinary employees to achieve complete financial freedom. Unlike Internet-era IPOs where executives often faced lengthy lock-up periods before realizing returns, these tech workers can now monetize holdings immediately—a scale of wealth diffusion unprecedented in history. Meanwhile, an influx of AI elites moving to San Francisco is driving up local rents and raising concerns about growing urban income inequality.

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OpenAI Employees Sell Shares: Over 600 Cash Out $6.6 Billion | Trending Stories | HyperAI