Founder of SoftBank Group, Masayoshi Son, has proposed plans to set up a massive AI and robotics manufacturing industrial zone in Arizona. The endeavour could likely cost a whopping $1 trillion if it reaches its full scale. Reportedly, the project was earlier known as Project Crystal Land and aims at building infrastructure for AI systems […]
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OpenAI said on Monday it would raise $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools. SoftBank would provide 75% of the funding, according to a person familiar with the matter, with the remainder coming from Microsoft, […]
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OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank it is in the final stages of raising, a person familiar with the matter said on Friday. SoftBank can pare back the size of the funding round to $20 billion if Microsoft-backed […]
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