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SoftBank in Talks to Invest $25 Billion in OpenAI, Surpassing Microsoft as Largest Backer in Stargate Project
SoftBank Group Corp., a Japanese conglomerate, is in talks to invest up to $25 billion directly into OpenAI, the Microsoft-backed startup and ChatGPT maker, according to the Financial Times. This potential investment would position SoftBank as the largest financial backer of OpenAI, surpassing Microsoft's previous investment. The discussions come on the heels of a joint announcement by OpenAI and SoftBank to invest $100 billion in the Stargate project, a U.S. data center initiative that could expand to $500 billion over four years. SoftBank's commitment to Stargate is expected to be at least $15 billion, with OpenAI planning to invest around $15 billion in the project as well. The deal with SoftBank, if finalized, would represent Masayoshi Son's biggest bet since investing $16 billion into WeWork, and would significantly reduce OpenAI's reliance on Microsoft for computing resources, supporting its transition to a for-profit entity to facilitate further fundraising.
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How much will SoftBank invest in the Stargate project by December 31, 2025?
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Financial disclosures from SoftBank or reports from reliable financial news outlets
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