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ItalianoSoftBank completes its historic $30 billion investment in OpenAI
SoftBank Group completed a $30 billion investment in OpenAI. It reaches a 13% stake in the ChatGPT creator after the millionaire round.
The Japanese conglomerate SoftBank Group announced this Thursday the completion of its $30 billion investment in OpenAI. The operation is part of the commitments made in the last round of financing of the ChatGPT creator, consolidating the Asian group as one of the most relevant financial supports of the artificial intelligence laboratory worldwide.
Earlier this year, OpenAI obtained funding commitments totalling $12 billion. This round set the valuation of the company run by Sam Altman at $85 billion, with Amazon, Nvidia and SoftBank itself as its main strategic sponsors.
The Vision Fund 2 funding strategy
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Masayoshi Son, founder and CEO of SoftBank Group.[/caption]
The previous agreement established that the capital provided by the group led by Masayoshi They are
It would structure in three tranches of $10 billion each, executed through its Vision Fund 2 investment vehicle. To support this commitment to artificial intelligence, SoftBank made last month a high-performance corporate bond placement of $11.1 billion, the largest global sale of this type.
With this latter tranche, SoftBank’s accumulated investment in OpenAI amounts to $64.6 billion, which gives it a 13% share in the development firm. The operation responds to Son’s road map to make SoftBank the dominant actor within the investment ecosystem in artificial intelligence.
After closing the funding, the firm also proceeded to cancel the remaining $10 billion of unused capacity from a bridge loan of $40 billion previously obtained.