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SoftBank got a slice of OpenAI in the startup's new funding round. Japanese conglomerate invested $500 million into the ChatGPT maker. For SoftBank, the investment is just one part of a much wider ...
The Japanese conglomerate was part of a $6.6 billion funding round with a $500 million investment in the ChatGPT maker. Son's commitment to an AI-powered future began before OpenAI became a ...
SoftBank declined to comment, while OpenAI did not immediately respond. The company at the heart of the artificial intelligence boom is raising $6.5 billion in the form of convertible notes ...
Stargate Project, incorporated in Delaware as Stargate LLC, [1] is an American multinational artificial intelligence (AI) joint venture created by OpenAI, SoftBank, Oracle, and investment firm MGX. [2] The venture plans on investing up to US$500 billion in AI infrastructure in the United States by 2029.
The Softbank Vision Fund was created in May 2017 by the SoftBank Group and the Public Investment Fund (PIF). [5] [6] $100 billion was raised with PIF contributing $45 billion, SoftBank contributing $28 billion, the Mubadala Investment Company contributing $15 billion and the rest from other investors including Apple. [5]
On 14 January 2018, Softbank's Vision Fund announced to invest $560 million in the German used-car sales portal Auto1. [96] On 1 March 2018, Softbank's Vision Fund led a $535 million investment in DoorDash. [97] In May 2018, CEO Masayoshi Son revealed during an earnings presentation that Walmart had reached a deal to buy Flipkart. [98]
Nvidia, which invested about $100 million. Cathie Wood's Ark Venture Fund, which invested a reported $250 million. SoftBank, which invested $500 million. Microsoft, which invested less than $1 ...
On 14 June 2020, the Financial Times reported that Softbank had invested more than $500 million into Credit Suisse investment funds that financed Greensill's activities. Greensill, in turn, provided supply-chain financing to various companies backed by Softbank, in what reporters called a "circular flow of funding".