Source: SoftBank's Vision Fund has agreed to invest $500M in OpenAI's latest funding round, SoftBank's first investment in OpenAI, which is raising $6.5B
SoftBank's Vision Fund has agreed to invest $500 million in OpenAI's latest funding round, which values the developer of ChatGPT …
The Information
Related Coverage
- SoftBank to Invest $500 Million in OpenAI, Information Says Bloomberg · Seth Fiegerman
- SoftBank to invest $500 million in OpenAI: report Reuters
- OpenAI Gets $500 Million Investment From SoftBank The Wrap · Sean Burch
- OpenAI update: funding, revenues, losses and paid ChatGPT plans Music Ally · Stuart Dredge
- OpenAI Faces Boardroom Shake-Up Amid Thrive Capital's Billion-Dollar Bet WinBuzzer · Luke Jones
- Apple Reportedly Exits OpenAI's $6.5 Billion Funding Round PYMNTS.com
- Apple Confirms Exit from OpenAI's $6.5 Billion Funding Round as Microsoft Boosts Investment Business Times · Chris Liu
- Thrive Capital secures sweetheart deal in ChatGPT-maker OpenAI's $6.5 billion funding round Business Today
- Scoop: SoftBank's Vision Fund will invest $500 million in OpenAI at a $150 billion valuation, marking its first investment in the ChatGPT developer. … Kate Clark
- Docs: OpenAI had $300M in monthly revenue in August, up 1,700% since early 2023, 350M MAUs in June, and expects ~$3.7B in annual sales but $5B in losses in 2024 New York Times
- Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B Wall Street Journal
- Are OpenAI's outrageously high product development costs (training) ever going to level out? — Usually you don't have to pay to develop things you already have … Roland Chan
- Interesting read. Is OpenAI suffering “product creep”? Maybe (and the naming of their products doesn't help) — “OpenAI's sprawling portfolio problem” Celestino Güemes Seoane
- Apple No Longer in Talks to Invest in ChatGPT Maker OpenAI MacRumors · Tim Hardwick
- How can a nonprofit become a for-profit? Finextra
- OpenAI shift to for-profit firm could lead to corner cutting, whistleblower says Cybernews.com · Gintaras Radauskas
- OpenAI funding and restructuring plans renew pressure on AI's top startup Washington Post
- Apple reportedly withdraws from OpenAI funding round Verdict
- OpenAI has 2 years to transition to a for-profit company. Here are 6 key things it will need to do in that time. Business Insider · Lakshmi Varanasi
- Apple drops investment in OpenAI iLounge · Samantha Wiley
- Apple No Longer Expected to Invest in OpenAI [Report] iClarified
- Apple Pulls Out from OpenAI Funding Round Set to Raise $6.5B: Report iPhone in Canada Blog · John Quintet
Discussion
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@kateclarktweets
Kate Clark
on x
Scoop: SoftBank's Vision Fund will invest $500 million in OpenAI at a $150 billion valuation, marking its first investment in the Sam Altman-led company. https://www.theinformation.com/ ...
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@shakeelhashim
Shakeel
on x
We are so back (this is a real slide from SoftBank's investor presentation earlier this year) [image]
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@zck
Zak Kukoff
on x
Say the line, Bart We are so back [image]
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@mgsiegler
M.G. Siegler
on x
A couple months ago, before the latest fundraise was rumored, let alone Apple's involvement (before they backed out)... https://spyglass.org/... [image]
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Vox
Sigal Samuel
on x
OpenAI as we knew it is dead
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@wsjtech
@wsjtech
on x
OpenAI's plan to convert to a for-profit company is meant to simplify the world's leading AI startup. Making that happen will be enormously complex. https://www.wsj.com/...
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@sigalsamuel
Sigal Samuel
on x
OpenAI is building tech that aims to totally change the world without asking if we consent. It's undemocratic. And Sam Altman just proved that bespoke corporate structures & voluntary commitments won't cut it — we need LAWS that give independent oversight https://www.vox.com/...