SoftBank is in discussions to invest up to $25 billion in OpenAI, as per an FT report. This massive investment would possibly make it the largest financial backer of the ChatGPT maker.
SoftBank is in talks to invest up to $25 billion in OpenAI, which would make it the startup's top backer, CNBC has confirmed. The deal is not finalized, according to a person with knowledge of the matter.
SoftBank is in talks to invest up to $25 billion in OpenAI as part of a broader partnership that could see the Japanese conglomerate spend more than $40 billion on AI initiatives with the Microsoft-backed startup, according to Financial Times.
Japan's SoftBank is in talks to invest as much as $25 billion into ChatGPT maker OpenAI, the Financial Times reported on Wednesday.
SoftBank is negotiating a $500 million investment in Skild AI, a software company building a foundational model for robotics at a $4 billion valuation, Bloomberg and Financial Times reported.
Helion, a startup working to generate electricity from nuclear fusion, on Tuesday said it has raised $425 million in venture funding from a group of investors led by SoftBank Group's Vision Fund 2.
Corporate travel platform TravelPerk raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion. The fresh financing doubles TravelPerk's market value from January 2024, when it raised $104 million on a $1.4 billion valuation.
We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, the massive infrastructure project to build data centers for OpenAI across the U.S.
Atul Goyal, Managing Director at Jefferies Asia, explains why he's worried about SoftBank's future performance after the company pledged investment in the $500-billion Stargate joint venture to fund U.S. artificial intelligence infrastructure.
OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund a joint venture to develop data centers for artificial intelligence in the U.S., the Information reported on Wednesday, citing OpenAI CEO Sam Altman speaking to colleagues.
The Trump Administration has announced an AI infrastructure joint venture in the U.S. named “Stargate,” comprised of OpenAI, SoftBank Group SFTBF SFTBY, Oracle Corp ORCL, and Abu Dhabi's MGX. The venture will deploy $100 billion initially and up to $500 billion over the next four years.
SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later.