POSITION:LuckySprite-lucky spirit casino-lucky sprite agent login > LuckySprite >

slot paraiso SoftBank eyes $15-25 billion investment in OpenAI — FT

  • Updated:2025-02-01 08:33    Views:160
  • The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025. Shares in Japanese tech behemoth SoftBank Group soared more than eight percent on Janaury 22 after US President Donald Trump announced a major investment to build AI infrastructure. (Photo by Kazuhiro NOGI / AFP)

    Tokyo, Japan — Japan’s SoftBank is in talks to invest $15-25 billion in OpenAI in a deal that would make it the ChatGPT-maker’s biggest financial backer, the Financial Times reported on Thursday.

    The report comes after Chinese startup DeepSeek sparked panic this week with a powerful new chatbot developed at a fraction of the cost of its US competitors, dealing a blow to markets.

    Article continues after this advertisement

    SoftBank and OpenAI are part of the Stargate drive announced by US President Donald Trump to invest up to $500 billion in artificial intelligence infrastructure in the United States.

    FEATURED STORIES BUSINESS BIZ BUZZ: Makati CBD deed restrictions on way out BUSINESS PH economic growth fell short of 2024 target, market expectations BUSINESS PH ranks high in downloads, app use

    READ: Trump touts $500B AI project from Softbank, Oracle, OpenAI

    The Japanese firm’s mooted investment would come on top of its commitment of more than $15 billion to Stargate, the FT said, citing people with direct knowledge of the negotiations.

    free slots vegasArticle continues after this advertisement

    “Ultimately, the Japanese company could spend more than $40bn on its partnership with OpenAI,” the report said.

    Article continues after this advertisement

    OpenAI will also invest $15 billion in Stargate, and SoftBank’s equity investment in the US company could cover the latter’s commitment to the AI infrastructure project, the FT added.

    Article continues after this advertisement

    SoftBank was not immediately available for comment when contacted by AFP. Shares in the firm were down one percent in Tokyo trading Thursday morning.

    The company, founded by Japanese tycoon Masayoshi Son, made spectacularly successful early bets on Yahoo! and Alibaba in the 1990s but some of its other investments have bombed.

    The investment promotion agency said their deputy director general for operations Vivian S. Santos represented them during the inauguration and grand opening of Aromate’s landmark branch at the Light Industry and Science Park (LISP) III in Sto. Tomas, Batangas.

    Article continues after this advertisement

    Securing huge funding from Saudi Arabia, Abu Dhabi and others, Son — an early backer of Trump — has sought to pivot into AI, helped by SoftBank’s stake in chip designer Arm.

    Elon Musk has openly poured scorn on Stargate, saying on X this month that the main investors “don’t actually have the money”.

    Your subscription could not be saved. Please try again. Your subscription has been successful.

    Subscribe to our daily newsletter

    SIGN ME UP

    By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

    The world’s richest man was an early investor in OpenAI and has long been in a feud with its founder Sam Altmanslot paraiso, who called the Tesla founder’s comments “wrong”.

    READ NEXT Enchanted Kingdom expects over 2 million visitors in 2025 Ontario leader calls for snap election to fight Trump’s tariffs EDITORS' PICK Content creator Rosmar Tan intends to withdraw her Manila councilor bid Beyoncé and the Grammys: A tense relationship again at a head Gloria Romero’s remains cremated; family dismisses fake last will and testament Fil-Am ‘Catering King’ cements his title with new venture in Daly City NBA: Cavaliers never trail in win over Heat Plane with 64 aboard collides with helicopter, crashes in Washington MOST READ American Airlines confirms 60 passengers, 4 crew aboard crashed jet Senators defend grant of PH citizenship to Chinese businessman Karla Estrada bothered by foul remarks vs Daniel Padilla after his split Marcos on the signed 2025 budget: 'I cannot find those damned blank items' Follow @FMangosingINQ on Twitter --> View comments