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Japanese investment group SoftBank is negotiating a potential investment of $15 billion to $25 billion in OpenAI, the company behind ChatGPT. If finalized, this funding would position SoftBank as the largest financial backer of the San Francisco-based startup, as reported by the Financial Times.
SoftBank, which has a diverse portfolio that includes stakes in TikTok's parent company ByteDance and British chip designer Arm, previously supported a funding round for OpenAI that valued it at approximately $157 billion. Microsoft is currently the largest shareholder of OpenAI and participated in the same funding round.
Additionally, OpenAI and SoftBank established a partnership with Oracle to create Stargate, described by Donald Trump as “the largest AI infrastructure project in history,” with an initial investment of $100 billion aimed at developing data centers for AI systems. In response to skepticism from Elon Musk regarding the funding, OpenAI CEO Sam Altman asserted the investment's benefits for the country.
SoftBank's proposal has been reviewed by OpenAI's senior executives but remains unconfirmed, and both companies declined to comment.