SoftBank completes $30B OpenAI investment with final $10B payment
SoftBank paid the third and final $10B tranche of its $30B follow-on investment in OpenAI, taking its total investment to $64.6B and its stake to about 13%. The commitment was part of OpenAI's funding round announced in February.
SoftBank paid the third and final $10B tranche of its $30B follow-on investment in OpenAI, taking its total investment to $64.6B and its stake to about 13%. The commitment was part of OpenAI's funding round announced in February. (SoftBank Group press release; The Next Web)
SoftBank made the payment through Vision Fund 2 and cancelled the undrawn $10B left on its $40B bridge loan. The Next Web reports that the final payment was funded from an $11.1B bond sale announced September 24. (SoftBank Group press release; The Next Web)