PYMNTS.com September 30, 2024
Japan’s SoftBank is reportedly planning to invest in OpenAI’s multi-billion dollar funding round.
The $500 million investment would come from the bank’s Vision Fund, The Information reported Monday (Sept. 30), citing a source familiar with the matter.
The news follows recent reports that OpenAI was in talks to raise $6.5 billion in a funding round that would bring the company’s valuation to $150 billion. Microsoft, the artificial intelligence (AI) startup’s biggest backer, is slated to take part.
This weekend also saw a pair of reports dealing with the funding round, including one from the New York Times citing documents OpenAI has been sharing with investors, showing the company’s revenues up 1,700% since last year.
However, the same documents show that...
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