SoftBank in Talks to Invest Up to $25 Billion in OpenAI
Briefly

OpenAI, a leading AI company, is in discussions with SoftBank for an investment up to $25 billion, which could help fund the $100 billion Stargate data center project. While this funding would be separate from SoftBank's current investment in Stargate, it reflects OpenAI's ongoing quest for financial backing following a tumultuous period marked by leadership challenges. Despite setbacks and competitive pressure from emerging companies, OpenAI's valuation has soared to $157 billion after securing a substantial $6.6 billion deal in October, emphasizing its pivotal role in the AI industry.
OpenAI is negotiating with SoftBank for a potential $25 billion investment, which might be partly allocated to the ambitious Stargate data center project aiming for $100 billion.
Despite a tumultuous few years and the reputation struggles of OpenAI after Sam Altman's brief firing, the company continues to attract significant investment and partnerships.
Read at www.nytimes.com
[
|
]