Current and former OpenAI employees plan to sell approximately $6 billion worth of shares to an investor group that includes Thrive Capital, SoftBank Group Corp. and Dragoneer Investment Group, in a deal that values the ChatGPT maker at $500 billion.

OpenAI is set to sell $6 billion in employee shares at a $500 billion valuation, making it the world’s most valuable startup.

OpenAI is preparing a secondary stock sale worth about $6 billion that would value the company near $500 billion, CNBC reported Friday. The shares would come from current and former employees and be sold to investors,

Foxconn, in partnership with Japanese-owned SoftBank, will be building AI data center equipment within the former Lordstown GM Assembly plant. Reuters first reported the news on Monday. The work will be, as 21 News has previously reported, part of the Stargate project to build up to 16 artificial intelligence data centers across the US.

The Stargate venture, unveiled at a White House event, is now setting the more modest goal of building a small data center by year-end.

Foxconn's chairman, Young Liu, announced the company's cooperation with SoftBank in Ohio as part of OpenAI's Stargate project. In this collaboration, SoftBank will supply the venue and equipment necessary for the initiative.

SoftBank Group Corp. said it’s taking longer than anticipated to get Stargate off the ground, conceding for the first time that the $500 billion artificial intelligence tie-up in the US with OpenAI is bogging down.

TAIPEI (Reuters) -Foxconn said on Monday it plans to manufacture data centre equipment with Japan's SoftBank at the Taiwanese firm's former electric vehicle factory in Ohio, part of the Stargate project to advance U.S. artificial intelligence infrastructure.

In the real world, bubbles delight because they reflect their surroundings. But the bubble Altman described could be one doesn't show the face of its observer.

Hon Hai Precision Industry Co. will operate a US factory owned by SoftBank Group Corp., setting up what’s in the running to be the first manufacturing site in the Japanese company’s $500 billion Stargate venture with OpenAI and Oracle Corp.