SoftBank reportedly plans to invest over 700 million yen in OpenAI
The Information reported that SoftBank plans to invest $500 million in OpenAI. In addition to SoftBank, several other companies are considering investing in OpenAI, and the investment is expected to bring OpenAI's total to $6.5 billion.
SoftBank to Invest $500 Million in OpenAI — The Information
SoftBank's Vision Fund to Invest $500 Million in OpenAI, Information Reports - Bloomberg
https://www.bloomberg.com/news/articles/2024-09-30/softbank-to-invest-500-million-in-openai-information-reports
SoftBank Vision Fund is reportedly planning to invest $500 million as part of OpenAI's current funding round.
It has been reported that SoftBank CEO Masayoshi Son has been in discussions with OpenAI CEO Sam Altman about fundraising for some time, and at a shareholders' meeting in June 2024, Son said , 'SoftBank Group's mission is to advance the evolution of humanity through the realization of ASI (artificial superintelligence).'
Regarding Son and SoftBank , reports have included 'Son is promoting 'Project Izanagi,' a project to establish a semiconductor venture to rival NVIDIA,' and ' Arm, a subsidiary of SoftBank, is planning to mass-produce AI chips, and SoftBank is also investing in the development costs .'
SoftBank also has a business partnership with the AI search engine Perplexity, which Perplexity's CBO Dmitry Shevelenko revealed was developed at an unusually fast pace, with the two companies meeting for the first time in February 2024 and signing a contract in April 2024.
We asked the people at the AI search engine 'Perplexity' what kind of ads they display and how they will be deployed in Japan - GIGAZINE
In addition, it has been reported that OpenAI's funding round will include investment funds such as Tiger Global Management and MGX, in addition to companies such as Microsoft and NVIDIA, and it is estimated that OpenAI will raise approximately $6.5 billion. Apple was also scheduled to participate in the same funding round, but it has been reported that it has withdrawn from the negotiations for some reason.
Apple reportedly ends investment talks with OpenAI - GIGAZINE
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