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SoftBank lifts OpenAI stake to 11% with $41bln investment

October 17, 2022 | TechXplore AI
SoftBank lifts OpenAI stake to 11% with $41bln investment
SoftBank had announced in April its planned investment of up to $40 billion in Open AI. Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11% after completing the second stage of a $41-billion investment in the maker of ChatGPT. Having made colossal profits as well as losses on previous investments, flamboyant founder Masayoshi Son has pivoted SoftBank toward artificial intelligence (AI). SoftBank had announced in April