SoftBank poised to invest $40 billion in OpenAI, valuing AI giant at $260 billion; how will it fuel Trump’s 'Stargate' initiative and the future of AI?
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Why is SoftBank investing in OpenAI?
SoftBank has long been looking to expand its AI presence. The company, led by Masayoshi Son, has previously invested billions in tech companies through its Vision Fund. Son has been vocal about his belief in AI and its future potential. By investing in OpenAI, SoftBank aims to be at the center of AI innovation, which is becoming increasingly important in sectors like healthcare, finance, and automation.
The investment would also give SoftBank a strategic advantage in AI infrastructure and applications. With OpenAI developing powerful AI models like ChatGPT, SoftBank sees a long-term opportunity in funding the future of artificial intelligence.
Also Read: Amazon announced a massive $104 billion AI & Cloud bet – Will its stock soar or sink investors?
Stargate Project: A $500 billion AI infrastructure plan
Alongside this investment, OpenAI and SoftBank are reportedly working on an ambitious project called «Stargate.» This initiative, valued at $500 billion, aims to develop large-scale AI data centers to support OpenAI’s advanced AI models. According to reports, OpenAI is currently scouting locations across 16 U.S. states to set up these data centers.
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