Tag: SoftBank investment

OpenAI to raise billion to boost AI efforts

OpenAI to raise $40 billion to boost AI efforts

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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 complete for-profit transition by year-end to raise full billion

OpenAI must complete for-profit transition by year-end to raise full $40 billion

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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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