OpenAI to Receive $500 Million Investment From SoftBank, The Information Reports
---SoftBank's Vision Fund is set to pour half a billion dollars into OpenAI as part of a funding round that values the ChatGPT developer at $150 billion prior to the investment, The Information reported, citing unnamed sources.
--The deal, which would mark SoftBank's first investment in the AI firm, also involves Microsoft and lead investor Thrive Capital, The Information reported.
--SoftBank declined to comment on the matter.
--OpenAI did not immediately respond to a request for comment.
--News Corp, owner of The Wall Street Journal and Dow Jones Newswires, has a content-licensing partnership with OpenAI.
Full story: bit.ly/47Pn3Fl
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(END) Dow Jones Newswires
October 01, 2024 01:46 ET (05:46 GMT)
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