Current and former employees of OpenAI are looking to sell nearly $6 billion worth of the company’s shares to investors like SoftBank Group and Thrive Capital, potentially valuing OpenAI at $500 billion, up from $300 billion. SoftBank, Thrive, and Dragoneer Investment Group, all current investors, have not commented. Discussions are in early stages, and the size of the sale could change. This secondary share sale investment follows SoftBank’s lead in OpenAI’s $40 billion funding round. OpenAI’s revenue doubled in the first seven months of the year, reaching an annualized run rate of $12 billion, projected to hit $20 billion by year-end. The company’s ChatGPT product has garnered about 700 million weekly active users, up from 400 million in February.

Read more at Yahoo Finance: OpenAI staff looking to sell $6 billion in stock to SoftBank, others, source says