Reported about 5 hours ago
SoftBank Group is in discussions to lead a funding round for OpenAI, aiming to raise up to $40 billion while valuing the AI developer at $300 billion. This potential investment comes as competition increases with the emergence of low-cost AI models from rivals like Chinese startup DeepSeek. SoftBank, which has previously valued OpenAI at $260 billion, is considering a significant investment ranging from $15 billion to $25 billion directly into the Microsoft-backed company. The investment strategy is indicative of SoftBank's ongoing commitment to the AI sector amidst evolving market dynamics.
Source: YAHOO