Tag: SoftBank OpenAI news

SoftBank races to fulfill .5 billion funding commitment to OpenAI by year-end, sources say

SoftBank races to fulfill $22.5 billion funding commitment to OpenAI by year-end, sources say

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SoftBank Group is racing to close a $22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes, ​including a sale of some investments, and could tap its undrawn margin loans borrowed against its valuable ownership in chip firm ‌Arm Holdings, sources said. The “all-in” bet on OpenAI is among the biggest […]

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SoftBank’s OpenAI wager in focus as analysts upgrade share price target

SoftBank’s OpenAI wager in focus as analysts upgrade share price target

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In April, SoftBank said it would lead a funding round of up to $40 billion in OpenAI, developer of ChatGPT, at a valuation of $300 billion [File] | Photo Credit: REUTERS Technology investor SoftBank Group reports second quarter earnings results on Tuesday in the midst of feverish investment in artificial intelligence that has sent its […]

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