SoftBank to Invest $500 Million in OpenAI

SoftBank’s Vision Fund has agreed to invest $500 million in OpenAI’s latest funding round, which values the developer of ChatGPT at $150 billion before the investment, a person familiar with the deal said. The deal would represent SoftBank’s first investment in the Sam Altman-led company.

SoftBank would join lead investor Thrive Capital, which is investing over $1 billion in the round. Tiger Global Management, Coatue Management and Microsoft are also participating in the round, The Information reported. United Arab Emirates fund MGX, as well as Dragoneer Investment Group and Nvidia, have also been in talks to invest.