SoftBank has invested $1.5 billion in OpenAI. This will allow the company to maintain its leading role in the world of AI.
OpenAI has raised $1.5 billion in a new round of investment from Japan’s SoftBank and others, reports Financial Times. The investment strengthens OpenAI’s financial position and provides room for further growth and innovation in the AI market.
Selling shares
SoftBank is the most notable new investor in this round, again giving OpenAI the confidence of major players in the tech world. The funds will be used to expand the company’s technological capabilities and enable new AI developments.
In addition, OpenAI announced that employees will have the opportunity to sell their shares to take advantage of the rising value of the company. This initiative is designed to increase employee engagement and satisfaction.
read also
Fresh billions for OpenAI from Microsoft and Nvidia
OpenAI is increasingly evolving from a non-profit organization to a commercial company. The investment fits within this strategy and comes at a time of increasing competition in the AI sector.