Japanese tech investment behemoth SoftBank is ramping up its endeavors to gather $22.5 billion, thereby honoring its investment pledge to AI collaborator OpenAI. As a key financial backer of OpenAI, SoftBank is actively involved in the ambitious $500 billion 'Stargate' data center project. This initiative is designed to bolster the advancement of OpenAI's next-gen models and foster groundbreaking progress in artificial general intelligence.
To amass the necessary funds, SoftBank is contemplating the sale of a segment of its stake in chip design firm Arm or shares in other publicly listed entities. Additionally, the company might resort to margin loans. Initially, SoftBank had pledged to invest up to $40 billion in OpenAI. After accounting for the $10 billion contribution from other partners, SoftBank's net investment stands at $30 billion, with the inaugural $7.5 billion tranche already disbursed in the first quarter.
Originally, the additional $22.5 billion investment was slated to commence post-company restructuring. However, SoftBank's board of directors has lifted the conditional constraints, affirming that the investment will be finalized by the year's end.
