Will OpenAI raise $1+ billion from SoftBank before 2026?
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Ṁ1kṀ3kresolved May 28
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Pitchbook says Softbank already invested $10B in OpenAI. See the last line:
OpenAI will remain governed by its nonprofit board once its corporate restructuring is completed, a total reversal of its plans to become a conventional for-profit business.
The plan adds a degree of uncertainty to the ChatGPT maker’s financial future as its SoftBank-led $40 billion funding round was contingent on the company transitioning into a for-profit organization by the end of the year.
Now, SoftBank has the chance to reduce its contribution to $20 billion from $30 billion if the shift is not completed in time. OpenAI has already collected $10 billion from the committed capital.
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