After Apple Reportedly Backed Out, SoftBank Eyes $500M Investment In ChatGPT Parent, Pushing Valuation To $150B
Portfolio Pulse from Ananya Gairola
SoftBank is investing $500 million in OpenAI, boosting its valuation to $150 billion. This investment is part of a $6.5 billion funding round. Microsoft is also an existing investor. Apple has reportedly withdrawn from investing in OpenAI.
October 02, 2024 | 4:47 am
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Microsoft remains an existing investor in OpenAI, which is receiving a $500 million investment from SoftBank, raising OpenAI's valuation to $150 billion.
Microsoft's continued investment in OpenAI, which is receiving significant funding from SoftBank, suggests confidence in OpenAI's growth and potential, likely benefiting Microsoft's AI initiatives.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70