The president joined leaders from OpenAI, Oracle and SoftBank to launch the ambitious project, but questions remain about its implementation, offerings and timeline.
SoftBank is in talks to inject up to $25 billion directly into OpenAI, positioning the Japanese tech conglomerate to become the ChatGPT maker's largest financial backer, according to initial reporting from the Financial Times on Wednesday evening.
Trump was joined by Oracle founder Larry Ellison, OpenAI CEO Sam Altman, and SoftBank CEO Masayoshi Son, who said the investment would start with $100 billion, plus a goal of $500
Masayoshi Son founded SoftBank in 1981. It has invested millions in some of Silicon Valley's biggest tech companies.
SoftBank is in discussions to invest up to $25 billion in OpenAI, as per an FT report. This massive investment would possibly make it the largest financial backer of the ChatGPT maker. This investment is part of a broader collaboration between the two companies on a large-scale artificial intelligence infrastructure project.
President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
SoftBank Group Corp. is in discussions to invest as much as $25 billion in OpenAI, a move that would potentially make it the AI startup’s biggest backer.
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
SoftBank is in talks to invest up to $25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector.
O SoftBank Group negocia para investir até US$ 25 bilhões na OpenAI, um movimento que poderia torná-lo o maior patrocinador da startup de inteligência artificial.
OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.