2024-11-27 13:56:13.AIbase.13.5k
OpenAI Secures $1.5 Billion Investment from SoftBank, Employees Can Sell Stock
OpenAI recently announced a $1.5 billion stock buyback plan aimed at SoftBank. This plan is a continuation of SoftBank's investment after recently injecting $6.6 billion into OpenAI, which is now valued at $157 billion. According to insider sources, this transaction was driven by SoftBank's founder and CEO Masayoshi Son, who aims to acquire a larger stake in OpenAI. This financing not only provides SoftBank with an opportunity to increase its holdings in OpenAI.