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Nvidia and SoftBank complete the final 20000000000 USD investment

BlockBeats reports that October 2, Nvidia (NVDA.O) and SoftBank have each completed the final installment of their investment in OpenAI’s previous funding round 10000000000 USD investment, fulfilling their respective 30000000000 USD investment commitments.

OpenAI March disclosed this year that the funding round secured 122000000000 USD in investment commitments, with a post-money valuation of 852000000000 USD; Amazon (AMZN.O) had previously committed to investing up to 50000000000 USD, and completed the entire investment in July. With the previous funding round now closed, OpenAI may be paving the way for a new private funding round, targeting approximately 30000000000 USD, with a potential valuation of approximately 1400000000000 USD.

SoftBank said that following the latest investment, its cumulative investment in OpenAI reached 64600000000 USD, with an ownership stake of approximately 13%; part of the funds for the final investment came from SoftBank’s September high-yield bond issuance completed at the end of 11100000000 USD. (The Information)

Original link https://m.theblockbeats.info/flash/369968