US EditionSoftBank in talks to invest up to $30 billion more in OpenAI, source says
SoftBank aims to boost its AI focus with a potential $30 billion OpenAI investment, part of OpenAI's $100 billion fundraising targeting an $830 billion valuation.
- Earlier this week, SoftBank, the Tokyo-based conglomerate, began talks to invest up to $30 billion more in OpenAI, the Wall Street Journal reported, and its shares rose over 8% before paring gains on Wednesday.
- Facing large capital demands, OpenAI is seeking to raise as much as $100,000,000,000 amid rising infrastructure and model training costs, potentially valuing the company at $830,000,000,000.
- SoftBank has reallocated capital by selling stakes in Nvidia Corp and T-Mobile US Inc., scaling back Vision Fund activity, and pausing Switch Inc. talks after scrambling financing last month.
- The deal, should it go through, would further cement SoftBank as one of OpenAI's most significant backers with an 11% stake, reshaping the AI competitive landscape.
- Both companies are also linked to Stargate initiative , and the initial details relied on unnamed sources; SoftBank and OpenAI did not immediately respond to requests for comment.
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A funding round could value the company, which owns ChatGPT, at up to US$830 billion.
Times of India
The Economic TimesSoftBank in talks to invest up to $30 billion more in OpenAI: Report
SoftBank is in discussions to invest up to an additional $30 billion in OpenAI, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Japan’s SoftBank in talks to invest up to $30 billion more in OpenAI, valuing ChatGPT owner at $830 billion: Report
SoftBank founder Masayoshi Son is set to deepen his “all-in” AI gamble, with talks under way for a fresh multibillion-dollar investment in OpenAI as the global race to dominate artificial intelligence accelerates
SoftBank In Talks To Invest $30 Billion More In OpenAI: Report - NVIDIA (NASDAQ:NVDA), SoftBank Group (OTC:SFTBY)
SoftBank Group (OTC:SFTBY) is in talks to invest up to $30 billion more in OpenAI, as the ChatGPT maker seeks up to $100 billion in new capital, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. SoftBank and OpenAI did not immediately respond to Benzinga‘s requests for comment. SoftBank's Tokyo-listed shares rose over 8% on the news, before paring gains. They were last up 3.7% on Wednesday afternoon. AI Bet Ge…
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