SoftBank could invest up to $25 billion in OpenAI

Source Cryptopolitan

The Japanese corporation SoftBank Group has shown interest in investing as much as $25 billion in OpenAI, which would make it the organization’s biggest financial sponsor.

According to a Bloomberg report, information from sources participating in the discussions indicates the Japanese firm plans to make an investment between $15 billion and $25 billion.

Details about the investment are at the initial stage and may not go through. OpenAI requires additional data centers immediately to improve its AI capabilities during increased competition.

Chinese firm DeepSeek, among other emerging competitors, captured market share by providing equivalent AI capabilities with reduced expenses. At present, OpenAI depends extensively on Microsoft for its cloud computing infrastructure. Led by Masayoshi Son, SoftBank seeks an advantageous moment to enter the AI hardware business.

SoftBank shares decreased by 1%

Sam Altman of OpenAI introduced himself to SoftBank’s Masayoshi Son in 2019 when Son proposed a $1 billion investment that subsequently collapsed.

The companies grew closer over their economic worries about semiconductor shortages which threaten AI development. The Vision Fund committed $500 million to OpenAI and introduced a $1.5 billion executive share buyback offer last month. The potential investment news from SoftBank provided a boost to Asian chip stocks, including Advantest Corp., but SoftBank shares decreased by 1% in Tokyo’s market on Thursday.

While semiconductor-related stocks gained momentum from the news, Takehiko Masuzawa, head of equity trading at Phillip Securities Japan predicts “SoftBank, which is putting up the money, isn’t going to see the same buying momentum”.

Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
GBP/USD Price Forecast: Bearish outlook remains in play below 1.2450The GBP/USD pair trades with mild gains around 1.2445 during the early European trading hours on Thursday.
Author  FXStreet
9 hours ago
The GBP/USD pair trades with mild gains around 1.2445 during the early European trading hours on Thursday.
placeholder
XRP Price Prediction: Wall Street Analyst Predict Much Lower However Expect A Surge Within Ethereum Altcoin RollblockCryptocurrency remains unparalleled in its ability to generate rapid 5-10x returns during a bull market, making it a prime opportunity for early investors. As altcoin season draws closer, the next couple of weeks could mark the final chance to accumulate high-potential safety net assets like XRP at discounted prices before momentum inevitably shifts upward and […]
Author  FXStreet
9 hours ago
Cryptocurrency remains unparalleled in its ability to generate rapid 5-10x returns during a bull market, making it a prime opportunity for early investors. As altcoin season draws closer, the next couple of weeks could mark the final chance to accumulate high-potential safety net assets like XRP at discounted prices before momentum inevitably shifts upward and […]
placeholder
EUR/USD holds steady above 1.0400; looks to ECB for fresh impetusThe EUR/USD pair struggles to capitalize on the overnight bounce from the 1.0380 area or the weekly low and oscillates in a narrow band during the Asian session on Thursday.
Author  FXStreet
9 hours ago
The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.0380 area or the weekly low and oscillates in a narrow band during the Asian session on Thursday.
placeholder
Top 5 Crypto Coins Set to Explode in 2025 Find Out Which Ones Are On Investors’ RadarMany crypto experts believe that 2025 will give incredible returns as the bull run reaches its peak. The following altcoins are being tipped to lead the way, as Rollblock ($RBLK), Ethereum, Shiba Inu, Pepe, and Solana are all showing signs of phenomenal potential in the coming months. These tokens deserve an allocation in any well-balanced […]
Author  NewsBTC
9 hours ago
Many crypto experts believe that 2025 will give incredible returns as the bull run reaches its peak. The following altcoins are being tipped to lead the way, as Rollblock ($RBLK), Ethereum, Shiba Inu, Pepe, and Solana are all showing signs of phenomenal potential in the coming months. These tokens deserve an allocation in any well-balanced […]
placeholder
Australian Dollar edges higher as export prices rise in Q4The Australian Dollar (AUD) breaks its three-day losing streak against the US Dollar (USD) after the release of the Export Price Index on Thursday.
Author  FXStreet
15 hours ago
The Australian Dollar (AUD) breaks its three-day losing streak against the US Dollar (USD) after the release of the Export Price Index on Thursday.
goTop
quote