Editor-DN
what a story
of Softbank Vision Fund I plan to drop a whopping $500 million. Open AIAccording to a report by Information.
The investment is part of OpenAI’s latest funding round and could give it a big boost in the startup world.
So far, neither SoftBank nor OpenAI has officially weighed in on the news.
OpenAI’s exciting funding round and possible restructuring
OpenAI is looking to raise $6.5 billion through convertible notes, according to a report. Reuters earlier this month.
The company is also considering one. Major restructuring This would include transitioning from a non-profit organization to a public benefit corporation.
The change is still being discussed, and there is no timeline yet, but if it happens, it could increase the profit margin for investors and potentially increase the company’s value.
OpenAI evaluation and investor participation
OpenAI aims to raise $6.5 billion in its talks with various investors at a valuation of $150 billion.
Thrive Capital is expected to lead this funding round. MicrosoftOpenAI’s largest investor is also participating.
however, apple It has reportedly dropped plans to participate in this funding round.
Softbank Investments in AI Sector
The deal will be SoftBank’s first investment in OpenAI, which it leads. Sam Altman.
Back in June, SoftBank invested in Perplexity AI, a competitor to OpenAI.
A report from Information It also stated that OpenAI is considering giving a 7% equity stake to CEO Altman as part of its restructuring to turn it into a profitable company.
