SoftBank to invest $500 million in OpenAI amid $6.5 billion funding round: Report

SoftBank Group Corp.’s Vision Fund is preparing to invest $500 million in OpenAI as part of a larger funding effort, according to a report by The Information on September 30, citing an individual familiar with the deal.

As previously reported by Bloomberg, OpenAI is reportedly in discussions to raise $6.5 billion from various investors, with a valuation of $150 billion. Thrive Capital is expected to lead the funding round, with Microsoft Corp.—OpenAI’s largest investor—also participating.