HomeLatestSoftBank to Acquire $1.5 Billion Stake in OpenAI

SoftBank to Acquire $1.5 Billion Stake in OpenAI

TOKYO, Nov 28 (News On Japan) –
SoftBank Group is about to accumulate as much as $1.5 billion (roughly 225 billion yen) value of OpenAI shares from its workers, in line with a report by CNBC on November twenty seventh.

Sources reveal that Masayoshi Son, Chairman and CEO of SoftBank, has been searching for extra shares in OpenAI by way of the Vision Fund, following an preliminary funding within the AI developer behind ChatGPT. OpenAI has reportedly accredited the deal.

The report additionally states that OpenAI workers have till December twenty fourth to determine whether or not to take part on this new spherical of funding.

Source: テレ東BIZ

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