Reported 7 days ago
SoftBank's Vision Fund will invest $500 million in OpenAI's new funding round as the AI startup aims to raise $6.5 billion in total. This marks SoftBank's initial investment in OpenAI, which is currently valued at $150 billion, pending a restructuring of the company. Apple has reportedly withdrawn from the funding effort, while OpenAI seeks to lift its profit cap for investors.
Source: YAHOO