Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say
Publishing timestamp: 2025-02-07 14:09:49
Summary
SoftBank is close to finalizing a $40 billion investment in OpenAI at a $260 billion valuation, with funding to be paid out over the next 12 to 24 months. Part of the funding will be used for OpenAI's commitment to Stargate, a joint venture with SoftBank and Oracle. This investment would make SoftBank the top backer of OpenAI, surpassing Microsoft. The generative AI market is predicted to reach $1 trillion in revenue within a decade.
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Keywords: business news, donald j. trump, david faber, markets, artificial intelligence, meta platforms inc, elon musk, breaking news: technology, softbank group corp, generative ai, breaking news: markets, technology,