NewsBBG: SoftBank rises on possible $500 million investment in OpenAI

October 1, 2024by 0

BLOOMBERG reports:
SoftBank Group Corp.’s stock rebounded, helped by the Japanese company’s possible participation in an OpenAI funding round that may better position Masayoshi Son in a race over artificial intelligence.
SoftBank’s Vision Fund plans to invest $500 million in OpenAI, the Information reported, citing a person familiar with the deal. OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion, Bloomberg previously reported. The funding round is slated to be led …

The post BBG: SoftBank rises on possible $500 million investment in OpenAI appeared first on The Loadstar.

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Company

Reinventing Supply Chain. One Control Tower at a Time.
/wp-content/uploads/2021/02/logo-1.png

Talk to Us

+52 55 9454 4097

+502 2315 4251

+1 33 2275 7104

talktous@mtmlogix.com

MTM Logix, 2022 © All Rights Reserved

Generated by Feedzy