artificial intelligence<\/a> and related infrastructure, hoping to capitalize on surging demand for the computing capacity that underpins AI applications.<\/p>\nThe completion of the latest funding round for OpenAI comes just days after SoftBank unveiled \u2060a deal to buy \u200cdigital infrastructure investor DigitalBridge Group in a deal valued at $4 billion.<\/p>\n
On Wednesday, SoftBank said it completed an additional $22.5 billion investment \u200din OpenAI after putting in $7.5 billion in April. OpenAI also received an upsized syndicated co-investment from other backers worth $11 billion, SoftBank added.<\/p>\n
In March, SoftBank agreed to invest \u200bup to $40 billion into a for-profit subsidiary of OpenAI, with the funding \u200cstructured as a combination of direct capital and syndicated co-investment from other backers.<\/p>\n
The deal valued OpenAI at around $300 billion on a post-money basis, but a later secondary stock sale completed in October, valued the company at around $500 billion, according to Pitchbook data.<\/p>\n
CNBC first reported the news earlier in the \u2060day.<\/p>\n
AI has become the central axis of global \u200btechnology markets this year, driving a surge \u200bof investment by the world’s largest companies and reshaping investor expectations.<\/p>\n
OpenAI has emerged as a central pillar of that industry-wide AI \u200dspending push.<\/p>\n
The ChatGPT \u2060maker along with Oracle and other stakeholders has planned a project dubbed “Stargate”, a vast, multi-year data-center initiative aimed at supporting next-generation AI models, \u2060with backing from major investors including SoftBank.<\/p>\n
(Reporting by Akash Sriram and Surbhi Misra in \u200cBengaluru and Krystal Hu in San Francisco; Editing by Krishna Chandra \u200cEluri, Miyoung Kim and Thomas Derpinghaus)<\/p>\n","protected":false},"excerpt":{"rendered":"By Krystal Hu Dec 30 (Reuters) – SoftBank Group said it completed a $41 billion investment in OpenAI,…\n","protected":false},"author":2,"featured_media":379358,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,45023,162,44702,1283,44703,74],"class_list":{"0":"post-379357","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-digital-infrastructure","12":"tag-investment","13":"tag-masayoshi-son","14":"tag-openai","15":"tag-softbank-group","16":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/379357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=379357"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/379357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/379358"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=379357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=379357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=379357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}