SoftBank in Talks to Lead OpenAI Funding Round at $300 Billion Valuation, Sources Say
(Reuters) -SoftBank Group is in talks to lead a funding round of up to $40 billion in artificial intelligence developer OpenAI at a valuation of $300 billion, including the new funds, sources said, in what could be a record single funding round for a private company.
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Masayoshi Son founded SoftBank in 1981. It has invested millions in some of Silicon Valley's biggest tech companies.
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Some of the funding would be used to help cover OpenAI’s $18 billion commitment to the recently announced Stargate project.
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