On May 20, Bloomberg revealed that SoftBank Group’s investment pledge to OpenAI has surpassed $60 billion, with some insiders voicing concerns over Sun Zhengyi’s seemingly unwavering trust in Sam Altman. When SoftBank first initiated its investment in OpenAI last year, senior executives raised red flags about the potential for catastrophic failure in worst-case scenarios. However, Sun repeatedly brushed aside these warnings. Now, as competitor Anthropic notches significant breakthroughs and financial markets cast doubt on OpenAI’s trajectory, anxiety within SoftBank over the $60 billion-plus commitment is mounting, with fears of a WeWork-style debacle resurfacing. While SoftBank publicly projects unwavering confidence in OpenAI and its leadership, some executives privately fret about Sun’s ‘cult-like’ devotion to Altman and the group’s escalating dependency on OpenAI. Despite SoftBank’s paper profits, Sun’s ambitions transcend short-term financial returns—he envisions positioning SoftBank as the linchpin of the next technological revolution.
