SoftBank Completes Final Phase of $30 Billion Investment in OpenAI
The Japanese conglomerate now holds a 13% stake after completing the final $10 billion tranche and cutting $10 billion in unused bridge-loan capacity.
- On Thursday, SoftBank Group completed its $30 billion investment in OpenAI, fulfilling its commitment to the ChatGPT maker's latest fundraising round.
- Led by founder Masayoshi Son, the Japanese conglomerate previously structured this capital through three $10 billion tranches deployed via its Vision Fund.
- To finance this investment, SoftBank raised $11.1 billion last month in the largest high-yield corporate bond sale globally, securing funds for its OpenAI commitment.
- SoftBank's cumulative investment now stands at $64.6 billion, granting it a 13% stake in OpenAI; the company also canceled $10 billion in undrawn bridge loan capacity.
- Amazon and Nvidia also anchored the fundraising for the Sam Altman-led company, which secured $122 billion in commitments earlier this year, valuing the business at $852 billion.
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SoftBank completes $30bn OpenAI investment with final $10bn payment
SoftBank Group has completed its $30bn follow-on investment in OpenAI, after paying the third and final $10bn tranche on 1 October, Japan time. The Japanese group made the payment through its Vision Fund 2, it said on Thursday. With this payment, SoftBank has now put $64.6bn into OpenAI in total, for a stake of about 13%. […] This story continues at The Next Web
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = The $60 billion (approx....) investment in OpenAI pledged by Nvidia and Japan's SoftBank Group, led by Chairman Masayoshi Son, at the beginning of the year
Japanese financial firm SoftBank has completed a USD 30 billion (Rp 536 trillion) investment in the US artificial intelligence (AI) company OpenAI.
[Digital Daily Reporter Kim Moon-ki] SoftBank Group announced on the 1st that it has executed a third, final follow-up investment of $10 billion (approximately 1.5796 trillion yen) in OpenAI through SoftBank Vision Fund 2. This investment marks the final stage of the previously announced $30 billion follow-up investment in OpenAI. With this execution, SoftBank’s cumulative investment in OpenAI totals $64.6 billion, bringing its stake to approxi…
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