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SoftBank in talks to invest up to $25 billion in OpenAI
Mint Hyderabad
|January 31, 2025
The deal would make SoftBank OpenAI's biggest investor, displacing Microsoft
SoftBank is in talks to invest up to $25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector.
SoftBank could invest $15 billion to $25 billion directly into Microsoft-backed OpenAI, some of which may be used to pay for OpenAI's commitment to Stargate, the person said.
Stargate is a joint venture by Oracle, OpenAI, and SoftBank, that plans to invest up to $500 billion to help the United States stay ahead of China and other rivals in the global AI race.
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