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SoftBank Group has agreed to lead the financing of up to 40 billion dollars for OpenAI's for-profit subsidiary.
Japan's SoftBank Group has agreed to lead a financing round of up to 40 billion dollars for OpenAI's for-profit subsidiary, which values the ChatGPT developer at 30 billion dollars. This Japanese technology investment company stated on Tuesday that it plans to invest no more than 30 billion dollars in OpenAI Global, with the remaining 10 billion dollars allocated to co-investors. SoftBank Group indicated that the first 10 billion dollars investment is scheduled to be paid in mid-April, with the remaining no more than 30 billion dollars financing set to be completed in December. This Japanese company has already decided on its investment.
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