OpenAI, SoftBank Group
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The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in the AI race.
From The Wall Street Journal
If we put that to the side, AI startups in Q1 raised less than half of what was doled out in Q4 last year, getting about $19.6 billion, per Crunchbase data.
From news.crunchbase
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SoftBank Group Corp. is seeking a loan of as much as $16.5 billion to help fund artificial intelligence investments in the US, people familiar with the matter said, in what would be its largest-ever borrowing denominated solely in dollars.
SoftBank Group (SFTBY) (SFTBF) is reportedly in talks to secure a loan of up to $16.5 billion to support its growing investments in AI across the U.S.
Hours after it pumped in part of the $40Bn fundraise for OpenAI, SoftBank Group is now reportedly in talks to secure a loan of up to $16.5 billion to support its growing investments in AI across the US. If finalized, this would be the largest US dollar-denominated loan in the history of the Japanese conglomerate, reports Bloomberg.
Japan's SoftBank Group says it will make follow-on investments of up to 40 billion dollars in the US developer of ChatGPT.
SoftBank Group Corp. plans to create industrial parks for artificial intelligence across the US and is considering an investment of more than $1 trillion, Nikkei reported.
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Sam Altman’s OpenAI has raised $40 billion in a funding round led by investment giant SoftBank as it looks to stave off competition like Elon Musk’s xAI and China-based DeepSeek.
Microsoft will get a boost to the value of its stake in ChatGPT-maker but there are complicated negotiations to come over OpenAI’s transition to a for-profit company.