SoftBank Completes Second $10 Billion Tranche of Its $30 Billion OpenAI Investment

SoftBank completes second $10 billion tranche of its $30 billion OpenAI investment

SoftBank has injected another $10 billion into OpenAI, part of a larger $30 billion commitment. This significant investment, funded by a bridge loan, underscores OpenAI's importance to SoftBank's portfolio, contributing to a substantial profit increase. However, the news comes as the New York Times reported delays in OpenAI's IPO, impacting investor sentiment and SoftBank's stock.

SoftBank Doubles Down On OpenAI As Its Biggest AI Bet Gains Momentum

SoftBank Group invested another $10 billion in OpenAI on July 1, executing the second tranche of a planned $30 billion follow-on commitment through its Vision Fund 2, according to a company filing. The Japanese investment group borrowed the full $10 billion under a bridge facility signed in March to fund the transaction. A $30b Commitment Now Two-Thirds Deployed The latest tranche brings SoftBank's total deployed capital in the $30 billion OpenA…

SoftBank Group Corp. (SFTBY) Stock Slides Following $10B OpenAI Investment Injection

SoftBank (SFTBY) stock dropped 4.52% after deploying $10B into OpenAI via debt financing, raising concerns about concentration risk and IPO timing uncertainty. The post SoftBank Group Corp. (SFTBY) Stock Slides Following $10B OpenAI Investment Injection appeared first on Blockonomi.

SoftBank adds next $10B to OpenAI investment

SoftBank Group shrugged off recent concerns over the valuation of AI companies by progressing with the next stage in a $30 billion follow-on investment in OpenAI which is set to take its overall holding to $64.6 billion. The Japanese giant implemented the second of three $10 billion follow-on investments today (1 July) through its Vision Fund 2 vehicle. SoftBank explained it borrowed the sum under a bridging deal agreed in March to fund the addi…

SoftBank advances $30B OpenAI commitment with second tranche

SoftBank Group has executed a $10 billion second tranche investment in OpenAI, bringing the Japanese investment group another step closer to completing its previously announced $30 billion follow-on commitment to the AI company. According to a July 1 announcement from…