Part of the funding is expected to be used for Stargate, the joint venture between SoftBank, OpenAI and Oracle announced by President Donald Trump.
SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion pre-money valuation, sources told CNBC's David Faber .
Part of the funding is expected to be used for OpenAI's commitment to Stargate, the joint venture between SoftBank, OpenAI and Oracle announced by President Donald Trump.is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion pre-money valuation, sources told CNBC's David Faber.
The round was initially expected to award OpenAI a valuation of $340 billion, but a source familiar with the matterDeepSeek has rattled large AI players — but smaller chip firms see it as a force multiplierSam Altman touts OpenAI-Microsoft alliance, says next phase will be 'better than anyone is ready for'
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SoftBank to Invest $40 Billion in OpenAI at $260 Billion ValuationSoftBank is nearing a $40 billion primary investment in OpenAI, valuing the artificial intelligence company at $260 billion pre-money. The investment will be spread over 12 to 24 months, with the first payment potentially arriving as early as spring. Part of the funding is expected to support OpenAI's commitment to Stargate, a joint venture with SoftBank and Oracle.
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