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SoftBank plans $500 million investment in OpenAI, report says

livemint.com — October 1, 2024, 02:01 AM UTC

Summary: SoftBank's Vision Fund plans to invest $500 million in OpenAI as part of a larger funding round, according to a report. OpenAI is seeking to raise $6.5 billion, with a valuation of $150 billion, led by Thrive Capital and including Microsoft.

This investment marks SoftBank's first in OpenAI, although it has previously backed a competitor. OpenAI is also considering restructuring into a for-profit entity and granting CEO Sam Altman a 7% equity stake, a significant change for the company.

Recently, OpenAI faced a security breach when its social media account was hacked, promoting a fake cryptocurrency. Despite these challenges, OpenAI stated it remains committed to its mission of building beneficial AI.

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Timeline:

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    8h

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  2. [5.2]
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  4. [4.1]
    OpenAI raises $6.6 billion, sparking debate over AI market valuation (scmp.com)
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  5. [4.8]
    OpenAI secures $4 billion credit line to enhance AI infrastructure and growth potential (benzinga.com)
    11h
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  6. [4.8]
    OpenAI secures $4 billion credit line boosting liquidity to over $10 billion (cnbc.com)
    23h
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  7. [5.0]
    OpenAI raises $6.6 billion in record funding round, valuation reaches $157 billion (insider.com)
    24h

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  8. [4.9]
    OpenAI raises $6.6 billion in major funding round as it shifts to for-profit model (news18.com)
    1d 4h
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  9. [5.3]
    OpenAI secures $6.6 billion investment from SoftBank and others, raising valuation to $157 billion (ft.com)
    1d 7h

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  10. [4.4]
    OpenAI raises $6.6 billion at $175 billion valuation, restricts investors from backing rival AI firms (firstpost.com)
    1d 8h
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  11. [5.7]
    OpenAI raises $6.6 billion in funding as it shifts to for-profit model (thehindu.com)
    1d 9h

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  12. [4.9]
    OpenAI raises $6.6 billion in funding led by Microsoft and Nvidia (livemint.com)
    1d 9h
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  13. [4.3]
    OpenAI urges investors to steer clear of five rival AI startups including Sutskever's Safe Superintelligence (thehindu.com)
    1d 9h
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  14. [4.0]
    OpenAI chairman compares AI excitement to dot-com bubble, sees potential for profit (businessinsider.com)
    1d 9h
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  15. [4.8]
    OpenAI raises $6.6 billion in funding round, valued at $157 billion (scmp.com)
    1d 10h
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  16. [4.6]
    OpenAI raises $6.6 billion in funding, boosting valuation to $157 billion (businesstoday.in)
    1d 11h
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  17. [6.1]
    OpenAI seeks exclusive funding deals to limit rival investments (ft.com)
    1d 14h

    ScoresSource
  18. [5.4]
    OpenAI raises $6.6 billion, boosting valuation to $157 billion with investor conditions (arstechnica.com)
    1d 15h

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  19. [4.9]
    OpenAI secures $6.6 billion in funding, boosting valuation to $157 billion (news.yahoo.com)
    1d 15h
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  20. [4.8]
    OpenAI raises $6.6 billion and commits to collaboration with U.S. and allied governments (gizmodo.com)
    1d 15h
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  21. [6.1]
    OpenAI raises $6.6 billion in funding as it shifts towards for-profit model (abcnews.go.com)
    1d 16h

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  22. [5.3]
    OpenAI raises $6.6 billion, boosting valuation to $157 billion (bbc.com)
    1d 16h

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  23. [5.2]
    OpenAI raises $6.6 billion in funding, boosting valuation to $157 billion (nzherald.co.nz)
    1d 16h

    ScoresSource
  24. [5.4]
    OpenAI raises $6.6 billion in funding as it shifts to for-profit model (news.yahoo.com)
    1d 17h

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  25. [5.2]
    OpenAI secures $6.6 billion in funding to advance AI model development (theverge.com)
    1d 17h

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  26. [4.7]
    OpenAI raises $6.6 billion in funding with support from Microsoft and Nvidia (khaleejtimes.com)
    1d 18h
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  27. [5.1]
    OpenAI raises $6.6 billion at $157 billion valuation with support from Microsoft and Nvidia (cnbc.com)
    1d 20h

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  28. [5.0]
    OpenAI seeks exclusive funding deal as it asks investors to avoid rival start-ups (ft.com)
    1d 21h

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  29. [4.7]
    SoftBank plans $500 million investment in OpenAI, boosting valuation to $150 billion (benzinga.com)
    2d 8h
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  30. [4.7]
    SoftBank shares rise on potential $500 million investment in OpenAI (scmp.com)
    3d 10h
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