SoftBank invests up to $40 billion in OpenAI

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Japanese conglomerate SoftBank is finalizing a deal to invest up to $40 billion in OpenAI, valuing the company at $260 billion. Part of the funds will go toward financing the joint venture Stargate, created by SoftBank, OpenAI, and Oracle. The first tranche will arrive in spring, with the full amount disbursed within 12–24 months. The deal amount ($15 billion) exceeds the initially agreed-upon sum.

Japanese conglomerate SoftBank is close to finalizing a deal to invest up to $40 billion in AI startup OpenAI, with the company's preliminary valuation standing at $260 billion. It is expected that part of the raised funds will be directed to finance Stargate, a joint venture created by SoftBank, OpenAI, and Oracle.

The first tranche will be deposited into OpenAI's account as early as this spring, with the full investment amount transferred over the next 12–24 months. The final deal amount of $15 billion exceeds the initial financing volume discussed by the parties during negotiations last week.

Thanks to the raised funding, OpenAI will join the ranks of the most expensive private companies in the world, alongside SpaceX and ByteDance.

Source: 3dnews.ru

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SoftBank invests up to $40 billion in OpenAI

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