SoftBank is reportedly seeking up to $16.5 in financing for the so-called “Stargate” AI project. This bridge loan would be the Japanese conglomerate's largest ever facility denominated in dollars, Bloomberg News reported Tuesday (April 1), citing sources familiar with the matter.
Microsoft will get a boost to the value of its stake in ChatGPT-maker but there are complicated negotiations to come over OpenAI's transition to a for-profit company.
SoftBank Group has agreed to lead a funding of up to $40 billion in a for-profit subsidiary of OpenAI, valuing the ChatGPT maker at $300 billion.
OpenAI said on Monday it would raise $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to advance AI research, expand computational infrastructure, and enhance its AI tools.
Japanese tech investment firm SoftBank Group is reportedly planning to invest $1 trillion to build artificial intelligence (AI)-equipped factories in the United States.
OpenAI is close to finalising a landmark $40 billion funding round, with SoftBank Group poised to lead the investment, according to a report by Bloomberg. The Japanese tech investor is expected to commit $30 billion in total, starting with $7.5 billion upfront, followed by a second tranche of $22.5 billion later in the year.
While you're busy Ghibli-fying your images with ChatGPT's new image-generation capabilities, OpenAI is out raising a ton more cash. The company is close to finalizing a new $40 billion funding round led by SoftBank, according to a report from Bloomberg.
Renee James, CEO of Ampere Computing, says semiconductors are headed for another growth cycle. She discussed SoftBank's $6.5 billion purchase of the chip designer with Tim Stenovec on “Bloomberg Technology.
CNBC's Deirdre Bosa reports on news regarding SoftBank.
SoftBank has announced the acquisition of Ampere Computing, a leading independent silicon design company, in an all-cash transaction valued at $6.5 billion. The deal, which is expected to close in the second half of 2025, will see Ampere operate as a wholly owned subsidiary of Tokyo, Japan-based SoftBank Group while retaining its name.
SoftBank Group said Thursday that it has struck a deal to buy U.S.-based chip designer Ampere Computing Holdings for $6.5 billion, as part of the Japanese investment firm's plans to boost its exposure to artificial intelligence development.
SoftBank Group said Wednesday that it had reached a deal to acquire US semiconductor firm Ampere for US $6.5 billion.