SoftBank in talks to lead OpenAI funding round at 300bn dollars valuation
- SoftBank Group is in talks to lead a funding round of up to $40 billion in artificial intelligence developer OpenAI at a valuation of $300 billion, including the new funds, sources said, in what could be a record single funding round for a private company.
The funding is expected to come in the form of convertible notes and, similar to OpenAI's last funding round, is conditioned on OpenAI restructuring its business to remove control of the company by its non-profit arm. SoftBank could invest $15 billion to $25 billion directly into Microsoft-backed OpenAI, some of which may be used to pay for OpenAI's commitment to Stargate, one of the sources added.
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