OpenAI allows each employee to sell shares worth up to $30 million.
CoinFeed reported on May 11th, citing the Wall Street Journal, that in its recent funding round, OpenAI allowed each employee to sell up to $30 million worth of shares, making them among the earliest wealth winners in the artificial intelligence boom. Last October, over 600 current and former employees sold their shares, cashing out a total of $6.6 billion. According to sources, approximately 75 of them sold their entire limit, realizing the full $30 million. Some chose to donate their remaining shares to "donor-advised funds," charitable investment accounts that allow funds to be used for philanthropic purposes while also providing donors with tax breaks for the year. This share sale offers investors a glimpse into the massive influx of capital about to flood into San Francisco and other tech hubs.