'OpenAI walks back controversial stock sale policies, will treat current and former employees the same' - CNBC
Portfolio Pulse from Benzinga Newsdesk
OpenAI has revised its policies on secondary share sales, allowing both current and former employees to participate equally in its annual tender offers. This change comes amid OpenAI's rising valuation and a sluggish IPO market.
June 24, 2024 | 8:23 pm
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Microsoft, a significant investor in OpenAI, may see indirect benefits from OpenAI's policy change on secondary share sales, as it could enhance employee morale and retention.
Microsoft's investment in OpenAI means that any positive changes in OpenAI's policies could indirectly benefit Microsoft. The equal treatment of current and former employees in secondary share sales could improve employee satisfaction and retention at OpenAI, potentially leading to better performance and innovation, which would be favorable for Microsoft.
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