"SoftBank is considering a new investment in OpenAI that could amount to $30 billion. This would further strengthen the Japanese technology conglomerate's position with one of the most influential AI developers. The plans were reported on by Bloomberg. The talks are still in the early stages, but they once again underscore the scale of founder Masayoshi Son's ambitions in the field of artificial intelligence."
"The potential additional investment is part of a broader strategy in which SoftBank is reorganizing its portfolio to maximize its focus on AI. Recently, the company sold interests in other technology companies and temporarily put plans for some acquisitions on hold. At the same time, SoftBank freed up capital by divesting its position in Nvidia and using other financial structures, including Arm shares as collateral."
"OpenAI itself is also actively seeking new funding. CEO Sam Altman (photo) is in talks with investors in the Middle East and elsewhere to set up a new financing round. According to sources, that round could amount to at least $50 billion, with a valuation approaching $800 billion. This would make OpenAI one of the most highly valued private technology companies in the world."
SoftBank is considering a new investment in OpenAI that could total $30 billion. The talks are in early stages and would strengthen SoftBank's position with OpenAI. SoftBank shares initially rose in Tokyo before giving back some gains. SoftBank recently contributed over $20 billion and now holds about an 11% stake in OpenAI. The potential investment forms part of a portfolio reorganization to prioritize AI, including selling other tech interests, pausing some acquisitions, divesting Nvidia holdings, and using Arm shares as collateral. OpenAI is pursuing at least $50 billion in new funding, with a valuation near $800 billion, while competition in generative AI is intensifying and the outlook is less certain.
Read at Techzine Global
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