Home ยป Speculation Confirmed: SoftBank Joins Investment Round for OpenAI, Allocating Approximately $500 Million

Speculation Confirmed: SoftBank Joins Investment Round for OpenAI, Allocating Approximately $500 Million

According to The Information, another investor set to join OpenAI’s new funding round is expected to be SoftBank, with an estimated investment of $500 million. Previous reports indicated that OpenAI was looking at a total investment of around $6.5 billion on a $1.5 billion valuation. However, OpenAI may need to restructure its organization to accommodate profit-sharing systems with investors. Both SoftBank and OpenAI have not provided comments on this news report.

TLDR: SoftBank is expected to invest $500 million in OpenAI’s new funding round, which could potentially reach $6.5 billion, leading to a necessary organizational restructuring for profit-sharing purposes.

More Reading

Post navigation

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

SWE-Bench Verified: OpenAI Develops Programmer Testing Suite for Authentic Programming Skills Confirmation

OpenAI Secures $4 Billion in Funding, Boosted by Additional $6.6 Billion in Capital

SoftBank invests an additional $1.5 billion in OpenAI through employee stock purchase