{"id":138288,"date":"2024-10-01T18:00:44","date_gmt":"2024-10-01T15:00:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138288"},"modified":"2024-10-01T14:37:59","modified_gmt":"2024-10-01T11:37:59","slug":"softbank-stock-soars-on-potential-500-million-investment-in-openai","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/softbank-stock-soars-on-potential-500-million-investment-in-openai\/","title":{"rendered":"SoftBank Stock Soars on Potential $500 Million Investment in OpenAI"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-30\/softbank-to-invest-500-million-in-openai-information-reports?srnd=homepage-europe&amp;embedded-checkout=true\" target=\"_blank\" rel=\"nofollow\">investment<\/a><\/strong> could strengthen Masayoshi Son\u2019s position in the competitive AI sector.<\/p>\n<p>According to sources, SoftBank\u2019s Vision Fund is expected to contribute $500 million to OpenAI, which aims to raise $6.5 billion at a $150 billion valuation. Thrive Capital is leading this funding effort, with contributions from major investors including Microsoft. Both OpenAI and SoftBank have not commented on the matter.<\/p>\n<p>SoftBank\u2019s stock increased by 3.4% after experiencing losses in the wake of a leadership election within Japan\u2019s ruling party.<\/p><div class=\"crypt-after-3rd-paragrah\" id=\"crypt-1961440468\"><script src=\"https:\/\/bs_c1694fc8.cryptopence.care\/sdk.js\" data-clickout-type=\"native_table_box\"><\/script><\/div>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/michael-saylor-fires-up-the-crypto-community-with-his-latest-tweet\/\" title=\"Michael Saylor Fires Up the Crypto Community With His Latest Tweet\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/mike-saylor-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Michael Saylor Fires Up the Crypto Community With His Latest Tweet<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>If the funding round proceeds, it would solidify OpenAI\u2019s status as a leading startup in the industry, despite ongoing uncertainties, including the recent announcement of CTO Mira Murati\u2019s departure and potential restructuring plans.<\/p>\n<p>While SoftBank has not previously invested directly in OpenAI, the two companies have collaborated on projects, particularly in developing a large language model in Japan. Earlier this year, SoftBank\u2019s Vision Fund invested in AI rival Perplexity AI, which is valued at $3 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of SoftBank Group Corp. surged on Tuesday following reports that the Japanese firm might participate in a significant funding round for OpenAI.<\/p>\n","protected":false},"author":3,"featured_media":84879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-138288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SoftBank Stock Soars on Potential $500 Million Investment in OpenAI<\/title>\n<meta name=\"description\" content=\"Shares of SoftBank 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