SoftBank is in talks to invest up to $30 billion more in OpenAI as the startup aims to raise a total of $100 billion in new capital. The Japanese conglomerate already owns an 11% stake in the company following a $22.5 billion investment made in December. OpenAI plans to utilize the funds to support its computing infrastructure and talent retention efforts amid a potential valuation of $830 billion.
SoftBank negotiates up to $30B additional investment in OpenAI
Paul Drecksler is the founder and editor of Shopifreaks E-commerce Newsletter, covering the most important stories in e-commerce.
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