OpenAIthe $6.5 billion round, which will reportedly value the AI giant at $150 billion, could bring in one other high-profile investor. SoftBank‘S Vision Fund will invest USD 500 million in The Information round reported on Monday.
The investment will be SoftBank’s first investment in OpenAI and will happen over a 12 months later SoftBank founder Masayoshi’s son told investors which fund it could return to “attack mode” and desired to turn into the leader of the artificial intelligence revolution after suffering huge losses for quarters.
OpenAI played a role in Son’s desire to leap on the AI bandwagon. Son, who made an emotional address to shareholders at this meeting last 12 months, said he had been crying for years pondering about his future and what he desired to do with the time he had left. However, he said that recent advances in artificial intelligence have reignited his desire to invest in the technology, and specifically mentioned a conversation with AI generative language processing platform OpenAI ChatGPT to debate your ideas and thoughts.
He said he was heartened by these conversations and when the platform told him these ideas were doable.
The end is approaching
OpenAI’s most vital round is it is expected to shut this week. He is expected to guide the transaction Develop capitalWhich apparently plans to allocate $1 billion. Other expected investors include: Global Tiger Management, Khosla ventures, Microsoft, Nvidia and Abu Dhabi-based MGX.
This was the case at the end of last week reported Apple he was out of the round.