SoftBank Group in Talks to Invest Up to $25B in OpenAI, FT Reports

Dow Jones

30 Jan

--SoftBank Group is in discussion to invest up to $25 billion in ChatGPT-maker OpenAI, the Financial Times reported Thursday, citing unnamed sources.

--SoftBank is in negotiations to invest $15 billion-$25 billion directly into OpenAI in addition to its commitment to a recently announced joint venture with the ChatGPT maker, called Stargate, the FT report said.

--SoftBank and OpenAI declined to comment, the FT report said.

Full story: https://bit.ly/3PSmUZE

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

January 29, 2025 20:50 ET (01:50 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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