SoftBank May Invest $25 Billion In OpenAI

SoftBank is the latest company interested in making a massive investment in OpenAI, with the company reportedly looking to invest as much as $25 billion....
SoftBank May Invest $25 Billion In OpenAI
Written by Matt Milano

SoftBank is the latest company interested in making a massive investment in OpenAI, with the company reportedly looking to invest as much as $25 billion.

OpenAI has been wooing investors as it continues to spend money at an extraordinary rate in its quest for true artificial intelligence. Microsoft has been one of the company’s largest investors, but the relationship between the two companies appears to be cooling.

According to Financial Times, via TechCrunch, SoftBank could invest between $15 and $25 billion dollars in the AI firm. The investment would be in addition to the $15 billion it plans to invest in the US Stargate AI project.

As the outlets point out, the investment would be SoftBank’s largest since its failed WeWork bet. What’s more, the investment would also serve to give OpenAI more independence from Microsoft.

Subscribe for Updates

AIDeveloper Newsletter

The AIDeveloper Email Newsletter is your essential resource for the latest in AI development. Whether you're building machine learning models or integrating AI solutions, this newsletter keeps you ahead of the curve.

By signing up for our newsletter you agree to receive content related to ientry.com / webpronews.com and our affiliate partners. For additional information refer to our terms of service.
Get the WebProNews newsletter delivered to your inbox

Get the free daily newsletter read by decision makers

Subscribe
Advertise with Us

Ready to get started?

Get our media kit

Advertise with Us