OpenAI Staff Stock Soars 100-Fold in 7 Years as 600 Cash Out $6.6 Billion

About 600 current and former employees of OpenAI, which grew rapidly on the ChatGPT boom, reportedly cashed out around $6.6 billion, or about 9.6 trillion won, through a large company stock sale last year. According to a report dated the 10th local time, the value of OpenAI employees’ shares is said to have risen about 100 times over seven years. A simple average puts the amount at about 43.8 billion won per person. The sale came as OpenAI’s corporate value expanded quickly amid rising demand for generative AI and the spread of ChatGPT. The large cash-out is viewed as a sign of AI firms’ reward structures and competition for talent. Source: mk.co.kr