US EditionSoftBank in talks to invest up to $25 billion into OpenAI, FT reports
- SoftBank is negotiating to invest between $15 billion and $25 billion in OpenAI, which would make it the largest financial backer of the company, according to the Financial Times.
- The investment is part of a larger initiative called Stargate, announced by U.S. President Donald Trump, aiming to invest up to $500 billion in AI infrastructure in the United States.
- OpenAI is also set to invest $15 billion in the Stargate project, with SoftBank potentially spending over $40 billion in total on its partnership with OpenAI, as reported by the Financial Times.
- Elon Musk criticized the Stargate initiative, claiming that the main investors 'don’t actually have the money,' while OpenAI's founder Sam Altman called Musk's comments 'wrong.
108 Articles
108 Articles
SoftBank mulls investment of up to $25 billion in OpenAI: report
Japanese tech giant SoftBank Group Corp is considering investing up to $25 billion in OpenAI, the developer of the widely used artificial intelligence chatbot ChatGPT, the Financial Times reported Thursday. The business newspaper said SoftBank Group CEO Masayoshi Son is hoping to deepen cooperation with OpenAI to take the lead…
SoftBank in talks to lead OpenAI funding round at US$300 billion valuation, sources say
SoftBank Group is in talks to lead a funding round of up to US$40 billion in artificial intelligence developer OpenAI at a valuation of US$300 billion, including the new funds, sources said, in what could be a record single funding round for a private company. © New Straits Times Press (M) Bhd
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Thelocalreport.inOpenAI Seeking $40 Billion In New Fundraising Round: Report
OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday.
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