SoftBank declined to comment, while OpenAI did not immediately respond.
The company at the heart of the artificial intelligence boom is raising $6.5 billion in the form of convertible notes, Reuters exclusively reported earlier this month.
Apple reportedly dropped out of plans to participate in the large funding round, which currently values the artificial intelligence startup at $150 billion before the SoftBank investment.
However, the valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors.
-
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
-
Artificial Intelligence(AI)
Basics of Generative AI : Unveiling Tomorrow’s Innovations
-
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
-
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
-
Artificial Intelligence(AI)
Master in Python Language Quickly Using the ChatGPT Open AI
-
Office Productivity
Zero to Hero in Microsoft Excel: Complete Excel guide 2024
-
Astrology
Vastu Shastra Course
-
Data Science
SQL for Data Science along with Data Analytics and Data Visualization
-
Web Development
A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024
-
Office Productivity
Mastering Microsoft Office: Word, Excel, PowerPoint, and 365
-
Marketing
Digital marketing – WordPress Website Development
-
Web Development
Mastering Full Stack Development: From Frontend to Backend Excellence
-
Finance
Financial Literacy i.e Lets Crack the Billionaire Code
-
Leadership
Business Storytelling Masterclass
-
Marketing
Future of Marketing & Branding Masterclass
-
HR
Human Potential and the Future of Employment
-
Strategy
ESG and Business Sustainability Strategy
-
Finance
Financial Reporting and Analytics
The deal represents SoftBank’s first investment in the Sam Altman-led firm, the Information report said.
Discover the stories of your interest
Reuters reported on Wednesday that OpenAI is working on a plan to restructure its core business into a for-profit corporation that will no longer be controlled by its non-profit board.
