Masayoshi Son says his mission is to bring about artificial superintelligence
SoftBank is planning to buy up to $1.5bn worth of stock in OpenAI to bolster its position in the $150bn artificial intelligence company as Masayoshi Son seeks to position the Japanese group as an artificial intelligence leader. SoftBank will buy the shares through a tender offer, a mechanism which allows current and former OpenAI employees who have held their stock for more than two years to sell, according to two people familiar with the situation. The deal is set to close early next year.
Elon Musk is expected to close a $5bn funding round for his AI start-up xAI this week, to value the year-old group at $45bn, while OpenAI’s valuation has nearly doubled this year. Last week, rival Anthropic received a second $4bn investment from Amazon. Son has publicly expressed his admiration for Sam Altman and has said he frequently talks to the OpenAI chief executive. The tech investor has been seeking a larger stake in the company, according to people familiar with the matter.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OpenAI’s text-to-video AI tool Sora leaked in protest by artistsPeople testing the new model accuse the company of ‘artwashing’
Read more »
New York Times lawyers claim OpenAI accidentally deleted evidence in copyright caseProbably not intentional, but '150 person-hours' of work were still lost
Read more »
Judge tosses publishers' copyright suit against OpenAIRaw Story and AltNet allowed to amend complaint
Read more »
Elon Musk adds Microsoft to lawsuit against ChatGPT-maker OpenAIMr Musk, a co-founder of the company, is accusing it and the tech giant of operating a monopoly.
Read more »
Musk also wants to fight Microsoft in legal grudge match with OpenAIHouse of GPT says suit is 'baseless and overreaching'
Read more »
OpenAI reportedly asks Broadcom for help with custom inferencing siliconFabbed by TSMC, needed for … it's a secret
Read more »