OpenAI and SoftBank have agreed to invest $1bn in SB Energy, an infrastructure company part-owned by the Japanese conglomerate, in a further deal to help fuel the AI start-up’s build-out of massive data centres.
The deal announced on Friday will entail OpenAI and SoftBank each investing $500mn in SB Energy, an energy group that has turned to data-centre development. The ChatGPT maker has contracted SB Energy to build a data centre in Texas as part of its $500bn Stargate project.
The deal comes a month after SoftBank completed its latest investment in OpenAI and adds to a series of interwoven transactions involving the start-up and its suppliers.
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