SoftBank has completed its roughly $40 billion commitment to OpenAI, sending a final tranche of about $22 billion to $22.5 billion and bringing its total aggregate pledge to $41 billion, according to people familiar with the matter. The deal values the ChatGPT maker at a $260 billion pre-money valuation and gives SoftBank about an 11% stake. Part of the funding is expected to bolster OpenAI’s infrastructure, including the “Stargate” data-center initiative with Oracle, as AI investments accelerate across chips and connectivity. OpenAI has lined up more than $1.4 trillion in long-term infrastructure commitments with suppliers such as Nvidia, AMD and Broadcom. The move caps a strategic pivot by SoftBank, which recently agreed to acquire data-center investor DigitalBridge for $4 billion and sold its $5.8 billion Nvidia stake, while OpenAI continues to attract backing from Microsoft and explores additional financings, including talks with Amazon and a recent $1 billion investment from Disney, amid reported IPO preparations.
SoftBank Completes $40 Billion Funding Commitment to OpenAI, Sources Say
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