It was reported that SoftBank Group has officially approved an additional $2.25 billion investment in OpenAI, aiming to complete its total investment plan of $3 billion in the artificial intelligence company. This decision received support from SoftBank's board, provided that OpenAI completes its corporate restructuring to prepare for its future initial public offering (IPO).
The authenticity of this information has not yet been confirmed, and SoftBank and OpenAI have not responded to it. It is reported that this funding will be used for the $4.1 billion financing plan announced in April. Earlier in mid-April, SoftBank had agreed to inject $1 billion into OpenAI and planned to add another $3 billion in December. However, this additional investment is conditional on OpenAI successfully transforming into a profit-making organization by the end of the year.
It should be noted that SoftBank previously stated that if OpenAI fails to complete the restructuring, the total investment would be reduced to $2 billion. This transformation and financing plan by OpenAI marks its efforts to seek greater space and potential in the competitive market, and also lays a solid foundation for its future development. SoftBank's investment will provide further financial support for OpenAI's development, enabling it to continue leading in the field of artificial intelligence.
Key Points:
- 💰 SoftBank approved an additional $2.25 billion investment in OpenAI, with the total investment plan reaching $3 billion.
- 📈 The investment is conditional on OpenAI completing corporate restructuring, with the goal of a future IPO.
- 🚀 If the restructuring fails, SoftBank's investment will be reduced to $2 billion.
