SoftBank ‘in talks’ to invest up to $25bn in OpenAI

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The story "SoftBank ‘in talks’ to invest up to $25bn in OpenAI" was covered 20 hours ago by The Guardian, a news publisher based in United Kingdom.

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SoftBank ‘in talks’ to invest up to $25bn in OpenAI - The Guardian

Quick Summary:

Move reported by the FT would make Japanese group the largest financial backer of US startup behind ChatGPTBusiness live – latest updatesThe Japanese investment group SoftBank is reportedly in talks to invest up to $25bn (£20bn) in OpenAI in a deal that would make it the biggest financial backer of the startup behind ChatGPT.

The lender is considering putting a sum of between $15bn and $25bn into the San Francisco-based company, according to the Financial Times.Continue reading...

Citing multiple sources with knowledge of the talks, the FT said SoftBank’s equity investment would cover the Japanese company’s commitment to Stargate.