OpenAI employees sold $6.6 billion in shares during a secondary offering in October, with over 600 workers, including 75 who hit the $30 million cap, cashing out as the company’s valuation rose to $852 billion. This marked a significant liquidity event for many before the company’s anticipated public offering, according to Xataka.

SPV Tokens for Anthropic and OpenAI Drop 40% Amid Legal Challenges

Solana-based tokens linked to Anthropic and OpenAI, which claimed to offer indirect exposure to the AI firms, dropped nearly 40% this week — Both companies warned that the structure used by third-party platforms like PreStocks violates their bylaws and could be fraudulent. OpenAI PreStocks fell 39%, while Anthropic PreStocks dropped 34%, according to CoinDesk data.

PreStocks, the platform issuing the tokens, has not submitted the promised proof of ownership and holds only $23 million in assets, and Yet it claims an implied valuation of $150 billion for Anthropic, raising questions about whether investors can fully cash out, according to CoinDesk.

OpenAI Launches New Deployment Company to Expand Corporate Services

OpenAI announced the formation of a new company, OpenAI Deployment Company, to provide consulting and technical staff to enterprise clients, the firm is majority-owned by OpenAI and co-funded by investment firms like TPG, Bain Capital, Advent International, and Brookfield, according to Nikkei Asian Review. The move aims to help businesses integrate advanced AI systems and expand OpenAI’s corporate offerings.

The new company represents a shift toward enterprise-focused services, following recent legal and governance challenges, including a court case involving Elon Musk, who allegedly sought up to 90% of OpenAI’s shares. CEO Sam Altman testified that Musk was more interested in control than philanthropy, according to Nikkei.

OpenAI’s Sora Video App Shuttered, Giving Rise to New AI Video Apps

OpenAI discontinued its Sora video app in March 2024 due to high operational costs, the app was free and resource-intensive, diverting attention from paid services like ChatGPT and Codex. In its absence. New AI video apps like Kling AI and HUBX’s AI Video have risen in App Store rankings, as Kling AI ranks #5 in top free downloads and #1 in Graphics & Design, offering 4K video output. HUBX’s AI Video app is #6 in top downloads and #1 in Photo & Video, focusing on creating viral content, according to 9to5Mac.

These apps reflect the growing demand for AI video generation, now a key feature across major AI platforms like Gemini and Grok. However, OpenAI, Anthropic, Google, and Meta still dominate the App Store rankings, showing the ongoing influence of the industry’s leading firms.