OpenAI: A merry Christmas for 400 staff as SoftBank agrees to buy up $1.6bn of stock
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SoftBank Group plans to purchase up to $1.6 billion in OpenAI shares, valuing the company at $157 billion. This stock sale will benefit around 400 current and former OpenAI employees.

December 18, 2024 | 8:30 am
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SoftBank Group is set to purchase $1.6 billion in OpenAI shares, valuing OpenAI at $157 billion. This move highlights SoftBank's continued investment in AI technology.
SoftBank's acquisition of a significant stake in OpenAI demonstrates its commitment to AI technology, likely boosting investor confidence and positively impacting SoftBank's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90