SoftBank to Invest $500M in OpenAI's Latest Funding Round, Valuing Company at $150B

Sep 30, 2024, 01:45 PM

SoftBank's Vision Fund has agreed to invest $500 million in OpenAI's latest funding round, which is raising $6.5 billion. This marks the first investment by SoftBank in OpenAI, the developer of ChatGPT, led by Sam Altman. The funding round values OpenAI at $150 billion before the investment. The information was reported by The Information and confirmed by a person familiar with the deal.