OpenAI wraps $7 billion share sale ahead of potential IPO

OpenAI completed a $7 billion secondary share sale, allowing employees to sell their company stock at an $852 billion valuation before the company's planned initial public offering (IPO, when a private company sells shares to the public for the first time). This share sale is part of OpenAI's strategy to provide liquidity (cash access) to employees ahead of its expected public debut.