OpenAI Gets 5.5B Warrants in SB Energy
OpenAI received warrants valued at an estimated 5.5 billion dollars in infrastructure firm SB Energy according to draft IPO documents. SoftBank and OpenAI are planned tenants in the company data centers.
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OpenAI secured warrants worth $5.5B in power infrastructure developer SB Energy ahead of a planned market debut, the Wall Street Journal reported on Sunday evening. The stake highlights the artificial intelligence developer's aggressive push to secure dedicated power assets in the United States. Power constraints have become a primary bottleneck for scaling large AI data center workloads.