SoftBank AI Investment

Inbound Marketing & Sales

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4d ago 6:49

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SoftBank, the Japanese telecommunications giant, is set to invest $500 million in OpenAI, the developer of ChatGPT, valuing the company at $150 billion. This investment marks SoftBank's first foray into the generative AI market, despite CEO Masayoshi Son previously expressing interest in the technology. The investment comes amidst recent senior departures from OpenAI and plans to change its structure to a for-profit benefit corp. This investment is significant for SoftBank, as it would be one of their largest bets in generative AI, following their previous investments in other technology companies like TikTok owner ByteDance and fintech Revolut.

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