OpenAI could be worth as much as TikTok owner Bytedance with SoftBank's latest investment
Briefly

SoftBank is negotiating a $25 billion investment in OpenAI, which could increase the AI company's valuation to an impressive $300 billion, putting it alongside tech giants like SpaceX and ByteDance. This round of funding might allow OpenAI to invest up to $15 billion in enhancing its Stargate AI infrastructure project. If successful, this investment would classify OpenAI as one of only three centibillion companies, outpacing existing investments from Microsoft. Talks are ongoing, with specifics still subject to alteration.
SoftBank's potential investment of up to $25 billion in OpenAI could elevate its valuation to $300 billion, positioning it as the second most valuable tech company.
The investment round may enable OpenAI to allocate $15 billion towards developing its Stargate AI infrastructure project.
If the deal concludes as envisioned, OpenAI will join the ranks of few companies worldwide with a centibillion valuation, nearly doubling its current worth.
This significant funding could outpace Microsoft as OpenAI's lead investor, reflecting a growing confidence in AI's future and its market potential.
Read at Business Insider
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