SoftBank to invest $721m in OpenAI: reports

New York | SoftBank’s Vision Fund is planning to invest $US500 million ($721 million) in OpenAI as part of a larger funding round, the Information reported on Monday, citing a person familiar with the deal.

OpenAI is in talks to raise $US6.5 billion from investors at a valuation of $US150 billion, Bloomberg previously reported. The funding round is slated to be led by Thrive Capital, with participation from Microsoft, the company’s largest investor, and other backers.

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Bloomberg