OpenAI Funding: Japanese Telecom Giant SoftBank Investing USD 500 Million in ChatGPT-Developer After Apple Dropped Out of Conversation
Softbank, a Japan-based tech and telecom giant will reportedly invest USD 500 million in OpenAI in latest funding round. This comes after Apple dropped out of conversation of funding the AI company.
Japanese telecom giant Softbank's Vision Fund agreed to invest USD 500 million in OpenAI's latest funding round. This comes after Apple recently dropped out of talks to join the OpenAI investment round, which was expected to raise USD 6.5 billion. It valued the ChatGPT developer at USD 150 billion before the investment, according to reports. Recently, the Microsoft-backed OpenAI witnessed a leadership reshuffle as some executives resigned and the company turned "for profit". Reports said that the AI company had been working on a restructuring plan for its core business. OpenAI ChatGPT Plus Subscription May Soon Cost Around USD 50 a Month; Check Details.
ChatGPT Gets New Fund Raiser After Apple Leaves
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