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

Sep 30, 2024, 01:59 PM

SoftBank's Vision Fund has agreed to invest $500 million in OpenAI's latest funding round, according to multiple reports. This marks SoftBank's first investment in OpenAI, the creator of ChatGPT. The investment values OpenAI at $150 billion before the infusion of funds. OpenAI is currently raising a total of $6.5 billion in this funding round. The investment is led by SoftBank, a Japanese telecom company, and marks a significant milestone for the Sam Altman-led company.