The Japanese conglomerate is exploring further investment as part of the startup's efforts to raise up to $100 billion.
Japan and the U.S. have short-listed a few projects as the first candidates under Tokyo's planned U.S.-bound $550 billion investment, including a project involving SoftBank Group , two sources familiar with the matter told Reuters.
SoftBank's company is working with OpenAI to help develop its artificial-intelligence infrastructure platform Stargate.
OpenAI and SoftBank agreed to invest $1 billion into SB Energy as the companies plan for a massive buildout of AI data centers. SB Energy is backed by SoftBank and Ares Management.
OpenAI and SoftBank Group will jointly invest $1 billion in SB Energy, a SoftBank-owned provider of data-center and power infrastructure, as part of their Stargate project, SB Energy said on Friday.
Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11% after completing the second stage of a $41-billion investment in the maker of ChatGPT.
SoftBank is acquiring data center investor DigitalBridge for $4 billion. SoftBank CEO Masayoshi Son said the deal supports global growth in data centers and connectivity.
SoftBank has slowly been increasing exposure to the AI trade.
SoftBank is nearing a deal to buy DigitalBridge, the US-listed investment firm that specialises in data centres and other digital infrastructure, in a move that would deepen the Japanese group's push into assets underpinning artificial intelligence. According to an exclusive report by Bloomberg, the Japanese investment giant is in advanced talks to acquire the business, with an announcement possible later Monday.
SoftBank Group is racing against the clock to meet its $22.5 billion funding commitment to OpenAI before the year ends, sources told Reuters. To raise the cash, the Japanese conglomerate is reportedly weighing margin loans and selling stakes in marquee holdings like Nvidia and T-Mobile.
SoftBank Group is racing to close a $22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes, including a sale of some investments, and could tap its undrawn margin loans borrowed against its valuable ownership in chip firm Arm Holdings , sources said.
SoftBank Group Corp was among the top losers in the benchmark Nikkei 225, falling as much as 7.25%. This comes the tech heavy Nasdaq Composite slipped 1.81% overnight, dragged by losses in Oracle, Broadcom, Nvidia and other AI names.