Aug 31 : OpenAI was issued warrants worth an estimated $5.5 billion in power infrastructure firm SB Energy, the Wall Street Journal reported on Sunday, citing draft IPO documents reviewed by the Journal. Reuters could not immediately verify the report.
OpenAI received warrants valued at approximately $5.5 billion from SB Energy, in addition to a prior investment, while SoftBank-backed company prepares an IPO that could raise up to $7 billion.