Everyone is closely watching developments in the artificial intelligence (AI) space in terms of advancements, regulations, and investment. As we go to print on this post, SoftBank’s Vision Fund has just announced its agreement to invest $500 million in OpenAI’s latest funding round, valuing the developer of ChatGPT at $150 billion on a pre-money basis, according to industry reports. SoftBank joins Thrive Capital, which is investing another $1 billion in the round, with participation from Tiger Global, Coatue, and Microsoft.

Please click here to read te full article

This article was posted on Foley.com on 04 October 2024