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SoftBank in Talks To Invest Up To $25 Billion in OpenAI
An anonymous reader shares a report: SoftBank is in talks to invest as much as $25 billion into OpenAI [non-paywalled source], in a deal that would make it the ChatGPT maker's biggest financial backer, as the pair partner on a huge new artificial intelligence infrastructure project. The two compan...
An anonymous reader shares a report: SoftBank is in talks to invest as much as $25 billion into OpenAI[ non-paywalled source], in a deal that would make it the ChatGPT maker's biggest financial backer, as the pair partner on a huge new artificial intelligence infrastructure project. The two companies announced last week they would lead a joint venture that would spend $100 billion on Stargate -- a sprawling data centre project touted by US President Donald Trump -- with the figure rising to as much as $500 billion over the next four years. SoftBank is in talks to invest $15 billion to $25 billion directly into OpenAI on top of its commitment of more than $15 billion to Stargate, according to multiple people with direct knowledge of the negotiations.
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