SoftBank has finalized a significant $41 billion investment in OpenAI, acquiring an 11% ownership stake in the company behind ChatGPT. This deal, one of the largest tech private capital raises, involves a multi-stage funding process that kicked off earlier this year. The final payment of $22.5 billion enhances OpenAI’s financial position, positioning it for potential IPO considerations. Currently, Microsoft holds a 27% stake in OpenAI, while the newly established OpenAI Foundation maintains a 26% equity stake and governance control. Valuations for OpenAI have soared from approximately $300 billion to around $500 billion in recent months. Proceeds from this investment are expected to bolster OpenAI’s infrastructural ambitions, particularly its Stargate data center initiative, which aims to deliver a multi-gigawatt computing capacity in the U.S. This strategic funding comes as OpenAI collaborates with semiconductor giants like Nvidia and Broadcom, signifying aggressive growth in the AI sector.
Source link
Share
Read more