What is SoftBank in talks to invest in OpenAI?

SoftBank is in talks to invest as much as an additional $30 billion in OpenAI.

What could OpenAI's valuation be with new funding?

With the new funding, OpenAI's valuation could reach approximately $830 billion.

What is SoftBank's previous investment in OpenAI?

SoftBank previously completed an $41 billion investment in OpenAI in December, securing an 11% stake.

Home / Business and Economy / SoftBank Eyes $30B OpenAI Boost in AI Race

SoftBank Eyes $30B OpenAI Boost in AI Race

28 Jan

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Summary

SoftBank is in talks for an additional $30 billion investment.
OpenAI's valuation could reach $830 billion with new funding.
This investment aims to bolster SoftBank's position in AI.

SoftBank Eyes $30B OpenAI Boost in AI Race

SoftBank Group Corp is engaged in advanced discussions to invest an additional $30 billion in OpenAI, the company behind ChatGPT. This potential injection of capital is part of a broader funding initiative that could see OpenAI raise up to $100 billion.

This significant investment would propel OpenAI's valuation to an estimated $830 billion. For SoftBank, this move represents a strategic doubling down on its AI ambitions, aiming to strengthen its competitive stance against major players like Google.

OpenAI faces increasing operational costs related to training and running its advanced AI models. Both OpenAI and SoftBank are also collaborating on Stargate, a major initiative focused on building AI data centers crucial for U.S. technological advancement.