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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SoftBank in talks to invest $30 billion more in OpenAI, pushing valuation toward $830B - Tech Startups
SoftBank is preparing to go even deeper on OpenAI. The Japanese conglomerate is in talks to invest up to $30 billion more in the company behind ChatGPT, according to a person familiar with the discussions. The new capital would form […] The post SoftBank in talks to invest $30 billion more in OpenAI, pushing valuation toward $830B first appeared on Tech Startups.
A funding round could value the company, which owns ChatGPT, at up to US$830 billion.
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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.
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