SoftBank has now fulfilled its $4 billion funding commitment to OpenAI
BlockBeats News, December 30th, according to CNBC's report, SoftBank has fully fulfilled its $4 billion investment commitment to OpenAI.
BlockBeats previously reported that on April 1st, OpenAI completed a $4 billion financing round with SoftBank as the lead investor, bringing its post-investment valuation to $300 billion (including new capital). Other investors include key investor Microsoft, as well as Coatue, Altimeter, and Thrive, among other institutions. OpenAI had stated plans to use this new funding to "further advance the frontier of AI research" and expand its computing infrastructure, with around $18 billion earmarked for OpenAI's commitment to the Stargate project.
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