Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
[SoftBank Promises To Invest Up To $40 Billion In Openai And Has The Right To Select Other Investors] People Familiar With The Matter Said That The Deal That SoftBank CEO Masayoshi Son And Openai CEO Sam Altman Are Reaching Is Unprecedented In Scale And Structure, And The Negotiations Between The Two Parties Are Carried Out In Two Stages. First, SoftBank Will Conduct An Exclusive Round Of Financing And Promise To Invest Up To $40 Billion In Openai. SoftBank Is Not Expected To Provide All The Funds Alone And Has The Right To Invite Other Partners To Participate In This Round Of Financing. A Person With Direct Knowledge Of The Plan Said That Openai Can Approve Or Veto New Investors. This Round Of Financing Is Expected To Value Openai At $260 Billion. In The Second Stage, SoftBank Plans To Initially Invest About $15 Billion To $20 Billion In Stargate. Openai Has Agreed That No Matter How Much SoftBank Invests In The Infrastructure Project, Its Funding Amount Will Be Equal To It. According To Three People Familiar With The Matter, Partners Including Abu Dhabi State Fund Mgx And Stargate Equity Investors Intend To Make Further Investment Decisions After Seeing The Progress Of The Project. Openai And SoftBank Declined To Comment
Quick access to 24/7
Quick access to more editor-selected real-time news
Exclusive video for free
FastBull VIPject team is dedicated to create exclusive videos
Follow More Symbols
You can add more symbols to your watchlist.
More comprehensive macro data and economic indicators
More comprehensive historical data on indicators to help analyze macro markets
Member-only Database
Comprehensive forex, commodity, and equity market data