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00:02OpenAI has struck the $6.6 billion secondary share sale that values the chat GBT maker
00:07at $500 billion, passing SpaceX as the world's most valuable startup, according to Bloomberg.
00:13Current and former OpenAI employees sold $6.6 billion worth of stock to investors,
00:18including Thrive Capital, SoftBank, Dragonair, MGX, and T-Row Price.
00:22Transactions lifted the company's valuation far above the $300 billion
00:25reaching a SoftBank-led round earlier this year.
00:28CEO Sam Alvin's company has been signing large infrastructure deals
00:31with Oracle and SK Hynix to support AI growth while facing talent competition
00:36for rivals like NADA and Anthropic.
00:38For all things money, visit Benzinga.com.
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