When SoftBank Group publishes its third quarter profit results On Thursday February 12, he could reveal whether he plans to increase his investments in OpenAIBloomberg reported Thursday (February 5).
It has been reported that SoftBank is considering increasing its investment in the artificial intelligence (AI) startup by $30 billion, which would increase its stake from the 11% it already holds and make it one of OpenAI’s largest backers, according to the report.
The Wall Street Journal reported On January 28, SoftBank was in talks with invest Another $30 billion in Open AI. The report cites anonymous sources, and neither SoftBank nor OpenAI responded to PYMNTS’ request for comment.
The report said this investment would be in addition to SoftBank’s $22.5 billion investment in OpenAI in December. This investment increased the company’s stake in the AI startup to 11%.
Talks were ongoing and terms could change, according to the report.
It was also reported on January 28 that OpenAI was seeking $100 billion in funding. financing cycle and that Amazon, Microsoft And Nvidia were among the companies in talks to join the round.
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Together, these commitments would help OpenAI achieve its goal of raising up to $100 billion at a valuation of $750 billion.
It was reported in December that SoftBank had completed its promised $40 billion investment. investment commitment to OpenAI when it gave the AI startup a final payment of $22 billion to $22.5 billion. The investment firm previously syndicated $10 billion and invested $8 billion in OpenAI.
A previous report indicated that SoftBank was finalizing a $40 billion investment in OpenAI at a pre-money valuation of $260 billion, adding that this financing would help support OpenAI’s Stargate AI infrastructure joint venture with Oracle and SoftBank.
When SoftBank announced it had completed its additional $22.5 billion investment investment in OpenAI, Chairman and CEO of SoftBank Group Son Masayoshi said in a press release: “We are deeply aligned with OpenAI’s vision to ensure that AGI (artificial general intelligence) benefits all humanity. »
CEO of OpenAI Sam Altman said in the same statement: “SoftBank saw the potential of AI early on and committed with deep conviction to its impact on humanity. »