Sun, December 1, 2024
[ Sun, Dec 01st 2024 ] - Thomas Matters
Stocking Up for Christmas?
Sat, November 30, 2024
[ Sat, Nov 30th 2024 ] - Thomas Matters
3 ISA strategies to consider
Fri, November 29, 2024
Thu, November 28, 2024
Wed, November 27, 2024
Tue, November 26, 2024
Mon, November 25, 2024
Sun, November 24, 2024
Wed, November 13, 2024
Tue, November 12, 2024
Tue, October 8, 2024
Mon, October 7, 2024

Softbank adds another $.5 billion to OpenAI investment


//stocks-investing.news-articles.net/content/202 .. adds-another-5-billion-to-openai-investment.html
Published in Stocks and Investing on by Thomas Matters   Print publication without navigation

OpenAI is allowing its current employees to sell shares in a tender offer to Softbank.

SoftBank Group has reportedly invested $1 billion in OpenAI, the company behind the popular AI chatbot ChatGPT, as part of a broader strategy to expand its AI capabilities. This investment was revealed through a source familiar with the matter, although neither SoftBank nor OpenAI have officially confirmed the deal. The investment comes at a time when SoftBank is looking to recover from previous financial setbacks, including losses from its Vision Fund, and aims to leverage AI technology to enhance its business operations and potentially develop new AI-driven products or services. This move aligns with the growing trend of tech giants and investors betting big on AI, with OpenAI also securing significant investments from other major players like Microsoft.

Read the Full Shacknews Article at [ https://www.shacknews.com/article/142369/softbank-openai-1-billion-investment ]

Publication Contributing Sources