US EditionSoftbank has fully funded $40 billion investment in OpenAI, sources tell CNBC
SoftBank’s $41 billion investment secures an 11% stake in OpenAI, supporting AI infrastructure and the Stargate joint venture with Oracle, the company said.
- On Dec 30, SoftBank Group completed its $40 billion investment commitment to OpenAI, CNBC reported Tuesday, marking one of the largest private funding rounds and deepening Masayoshi Son's AI bet.
- SoftBank had previously syndicated $10 billion and invested $8 billion, with the deal structured as a mix of direct capital and syndicated co-investors, sources told CNBC.
- A final tranche of $22 billion to $22.5 billion completed the payment schedule last week, with portions supporting OpenAI's Stargate joint venture with Oracle.
- The funding cements OpenAI's role as a central pillar of AI industry spending, as AI has become the central axis of global technology markets this year.
- Sources had expected payments over a 12 month period, as SoftBank Group builds its AI and data-center infrastructure program, CNBC reported.
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Social SamosaSoftBank completes $40B investment in OpenAI, taking 11% stake in the AI giant - Tech Startups
SoftBank has finished wiring one of the largest bets in modern tech history. The Japanese investment group has now completed its full $40 billion commitment to OpenAI, locking in an ownership stake of roughly 11% in the company behind ChatGPT, […] The post SoftBank completes $40B investment in OpenAI, taking 11% stake in the AI giant first appeared on Tech Startups.
The Japanese SoftBank group has completed the total investment commitment of $40 billion in the OpenAI, according to sources of CNBC. The last transaction, between $22 and $22.5 billion, has been transferred last week, specifying people familiar with the transaction.
Japan's technology investment giant SoftBank announced on Wednesday that its participation in the US OpenAI (ChatGPT) was now about 11% after completing the second stage of a total investment of $41 billion.
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