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Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say
Part of the funding is expected to be used for Stargate, the joint venture between SoftBank, OpenAI and Oracle announced by President Donald Trump.
SoftBank would pay out the funding, which would mean a $300 billion post-money valuation for OpenAI, over the next 12 to 24 months, with the first payment coming as soon as spring, Faber reported Friday. The latest funding round comes after SoftBank on Monday committed to spending $3 billion per year on OpenAI's tech for itself and its subsidiaries, including British chip designer Arm. ChatGPT Gov will allow government agencies to feed "non-public, sensitive information" into OpenAI's models while operating within their own secure hosting environments, the company said.
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