OpenAI earmarks $50 billion for employee stock grant pool: Report

OpenAI ​last fall set aside ‌an employee stock ​grant pool equivalent to 10% of the company, valued at $500 billion in October, The Information reported on ​Wednesday, citing two people ⁠with knowledge of the plans.

Reuters could not immediately ​verify the ⁠report. OpenAI did not immediately respond to Reuters’ request for a ‌comment.

OpenAI has already ‌given $80 billion in vested equity, which, along ‍with the employee stock grant pool, comprises ‍about 26% of the company, according to the report.

The company has been in preliminary talks with some investors about raising funds ⁠at a valuation of around $750 billion, The ​Information reported in December, ⁠a 50% jump from OpenAI’s reported $500 billion valuation in October.