SoftBank Bets Billions on OpenAI's Quest for AI Supremacy
Summary
SoftBank Group plans to invest up to $40 billion in OpenAI, with $10 billion upfront and up to $30 billion more by 2026, to support OpenAI's quest for Artificial General Intelligence and ultimately Artificial Super Intelligence for the advancement of humanity.
Key Points
- SoftBank Group announced plans to invest up to $40 billion in OpenAI, with $10 billion syndicated to co-investors, to support OpenAI's growth and capture the benefits in SoftBank's net asset value.
- The investment will be made in two tranches, with $10 billion upfront and up to $30 billion more if certain conditions are met by the end of 2025 or early 2026.
- The investment aims to advance OpenAI's AI models towards achieving Artificial General Intelligence (AGI), a key milestone on the path to realizing Artificial Super Intelligence (ASI) for the advancement of humanity.