SoftBank Completes OpenAI Investment
SoftBank Group has finalized its thirty billion dollar investment in OpenAI to support the ChatGPT maker. The Japanese conglomerate now holds a thirteen percent stake in the artificial intelligence lab following cumulative investments totaling sixty four billion dollars.
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SOFTBANK CORP completed its final $30 billion tranche into OpenAI on Thursday, cementing a cumulative $64.6 billion investment for a 13% stake in the artificial intelligence lab. The funding follows an earlier $122 billion round anchored by AMAZON.COM INC, NVIDIA CORP, and SoftBank that valued OpenAI at $852 billion. The aggressive capital deployment establishes SoftBank as one of the largest financial backers in the generative AI sector.
