Japan’s SoftBank to invest $500 mn in OpenAI’s latest funding: Report

Japanese telecom company SoftBank’s Vision Fund will invest $500 million in OpenAI’s latest funding round, The Information reported on Monday, citing a person familiar with the deal.

SoftBank declined to comment, while OpenAI did not immediately respond.

The company at the heart of the artificial intelligence boom is raising $6.5 billion in the form of convertible notes, Reuters exclusively reported earlier this month.