ExclusiveSoftBank Greenlights Remaining $22.5 Billion of OpenAI Investment
SoftBank has taken the next step to complete its gargantuan $30 billion investment in OpenAI. The Japanese conglomerate’s board has approved a second installment of $22.5 billion on that investment, as long as the artificial intelligence startup completes a corporate restructuring that would pay the way for an eventual public offering, according to a person with knowledge of the decision. The approval signals SoftBank’s expectation that OpenAI will succeed in that effort, through which it...