Japanese tech giant SoftBank Group Corp. is considering investing up to $25 billion in OpenAI, the developer of the widely used artif
OpenAI, the maker of ChatGPT, is seeking to raise US$40 billion in a fresh round of funding that would value the startup at a staggering US$340 billion, the Wall Street Journal reported on Thursday (Jan 30).
The development follows concerns sparked by Chinese AI startup DeepSeek, which recently introduced a highly advanced chatbot at a significantly lower cost than its American rivals, unsettling the mark
Chinese artificial intelligence startup DeepSeek stunned markets and AI experts with its claim that it built its immensely popular chatbot at a fraction of the cost of those made by American tech tita
Japan's SoftBank is in talks to invest $15-25 billion in OpenAI in a deal that would make it the ChatGPT-maker's biggest financial backer, the Financial Times reported on Thursday.
Stargate is a private $500 billion artificial intelligence (AI) infrastructure project that has begun building massive data centers in the United States. Stargate is a joint venture between OpenAI, SoftBank Group,
Japanese tech giant SoftBank Group Corp. as well as OpenAI and Oracle Corp. will form a new company that will invest at least $5
SoftBank in India, like in many other parts of the world, is known for its investment in budding startups in various technologically driven avenues. On Wednesday, January 22, the company shares soared in the equity markets in Tokyo. The shares of the Japanese investment group rose after getting a much-needed boost from an unlikely source.
SoftBank is reportedly considering a historic $25 billion investment in OpenAI, which could surpass Microsoft's stake and position SoftBank as the ChatGPT maker's largest investor.
The Japanese investment holding company could potentially increase its investment in OpenAI, following the two companies already partnering up for The Stargate Project, which includes other investors such as Oracle and Emirati investment firm MGX.
SoftBank Group Corp. is in discussions to invest as much as $25 billion in OpenAI, a move that would potentially make it the AI startup’s biggest backer.
The popularity of China's DeepSeek's chatbot appears to have shattered a widespread belief that developing artificial intelligence requires many billions of dollars of investment as has been in the case of US AI models.