SoftBank is in talks to invest as much as $25bn into OpenAI, in a deal which would make it the ChatGPT maker’s biggest financial backer, as the pair partner on a massive new artificial intelligence infrastructure project.
Plus, French AI pioneer Mistral weighs its future as DeepSeek changes the game and the lucrative business of airline loyalty programmes
SoftBank is in talks to invest up to $25 billion in OpenAI as part of a broader partnership that could see the Japanese conglomerate spend more than $40 OpenAI is in talks to raise up to $25 billion from SoftBank amid DeepSeek shock.
SoftBank could invest $15 billion to $25 billion directly into Microsoft-backed OpenAI on top of its commitment of more than $15 billion to Stargate, the report said, citing multiple people with direct knowledge of the negotiations.
OpenAI’s board is locked in complex negotiations ... Clauses relating to AGI are being written out of the new structure, the Financial Times has previously reported. The company’s complex ...
Stargate, a high-profile artificial intelligence infrastructure project trumpeted by US President Donald Trump this week, will exclusively serve ChatGPT maker OpenAI, according to people familiar with the matter.
OpenAI's Stargate project lacks a fully developed plan and hasn't secured funding yet, according to a report from the Financial Times.
Digital news units of Indian billionaires Gautam Adani and Mukesh Ambani, and other outlets including the Indian Express and the Hindustan Times, are joining proceedings against OpenAI for improperly using copyright content,
Also in today’s newsletter, Vanke’s crisis reignite fears for China’s property sector, and Tesla sues EU over tariffs on EVs from China
SoftBank Group (OTCPK:SFTBY) is currently in discussions to invest up to $25 billion in OpenAI, which could position it as the AI startup's largest financial backer, according to a Financial Times report that cites people with knowledge of the matter.
Japan’s SoftBank is in talks to invest $15-25 billion in OpenAI in a deal that would make it the ChatGPT-maker’s biggest financial backer, the Financial Times reported on Thursday. The report comes after Chinese startup DeepSeek sparked panic this week with a powerful new chatbot developed at a fraction of the cost of its US competitors,