SoftBank Eyes $30 Billion Investment in OpenAI as AI Giant Seeks Record $100 Billion Funding Round
Summary
SoftBank prepares to invest $30 billion in OpenAI as part of a record-breaking $100 billion funding round that would value the AI company at $830 billion, with additional backing from Middle Eastern sovereign wealth funds and Amazon pushing the deal toward unprecedented heights.
Key Points
- SoftBank is in talks to invest up to $30 billion in OpenAI as part of the AI company's quest to raise $100 billion in new capital
- The potential investment would push OpenAI's valuation to $830 billion and break the record SoftBank and OpenAI set with their previous $41 billion funding round
- OpenAI is simultaneously courting Middle Eastern sovereign wealth funds for $50 billion and discussing a $10 billion investment from Amazon to reach its funding goal