Quickly understand the history and background of various well-known coins

SoftBank to Invest $15-25B in OpenAI, Boosting AI Revolution

Coin WorldWednesday, Jan 29, 2025 9:35 pm ET

1min read

SoftBank is in advanced talks to make a direct investment of $15 billion to $25 billion in OpenAI, according to sources familiar with the matter. The investment would be a significant boost for the artificial intelligence company, which has been working on developing advanced AI models and technologies.

The potential investment comes as SoftBank looks to expand its portfolio in the technology sector. The Japanese conglomerate has previously invested in a number of high-profile tech companies, including Alibaba and Uber. SoftBank's Vision Fund, which is expected to lead the investment in OpenAI, has a mandate to invest in cutting-edge technologies and innovative companies.

OpenAI, founded in 2015 by Elon Musk and Sam Altman, has made significant strides in the field of AI. The company's AI models, such as GPT-3 and DALL-E, have gained widespread attention for their ability to generate human-like text and create realistic images. OpenAI's work in AI has the potential to revolutionize a number of industries, including healthcare, finance, and entertainment.

The investment by SoftBank would be a major vote of confidence in OpenAI's technology and its potential to disrupt a number of industries. The investment would also provide OpenAI with the capital it needs to continue developing its AI models and expanding its operations.

However, the investment is not yet finalized, and the terms of the deal are still being negotiated. Sources close to the matter have indicated that the final investment amount could vary depending on the terms of the deal.

SoftBank's potential investment in OpenAI is just the latest example of the Japanese conglomerate's aggressive approach to investing in the technology sector. SoftBank's Vision Fund has become one of the most active investors in the tech industry, with a portfolio that includes some of the world's most valuable companies.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.