Masayoshi Son’s SoftBank will invest $500mn into OpenAI as part of a fundraising round that is expected to close this week and value the artificial intelligence start-up at $150bn.
SoftBank will invest via its second Vision Fund, a large vehicle for backing start-ups, which is now mainly made up of Son’s personal wealth, according to two people with knowledge of the deal.
SoftBank will join existing investors, including venture fund Thrive Capital and Microsoft in a $6.5bn funding round, which is expected to close in the coming days, according to people familiar with the discussions.
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