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972 SoftBank to Invest $500 Million in OpenAI

The Information
Kate Clark @ The Information · 09/30/2024 09:30 EDT

SoftBank’s Vision Fund has agreed to invest $500 million in OpenAI’s latest funding round, which values the developer of ChatGPT at $150 billion before the investment, a person familiar with the deal said. The deal represents SoftBank’s first investment in the Sam Altman-led company.

SoftBank joins lead investor Thrive Capital, which is investing over $1 billion in the round. Tiger Global Management, Coatue Management and Microsoft are also participating in the round, The Information reported. United Arab.

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