SoftBank's Vision Fund to Invest $500 Million in OpenAI at $150 Billion Valuation

Sep 30, 2024, 03:09 PM

SoftBank's Vision Fund has agreed to invest $500 million in OpenAI's latest funding round. This marks SoftBank's first investment in the Sam Altman-led ChatGPT creator, which is raising a total of $6.5 billion. The investment values OpenAI at $150 billion before the investment. The Japanese telecom company’s move was reported by The Information, citing a person familiar with the deal.