Sam Altman · OpenAI · Anthropic · Google · SoftBank · Japan · CNBC Technology
The Japanese giant has invested more than $30 billion in OpenAI
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In the three months to the end of March, the Vision Fund saw a gain of around $20 billion, which was nearly all driven by OpenAI as SoftBank suffered losses on other investments such as Coupang, DiDi Global and Klarna.
Key facts
- The Japanese giant has invested more than $30 billion in OpenAI, with its investment gains in the company totalling $45 billion in the year ended March
- The company said it earned 218.1 billion Japanese yen ($1.4 billion) from gains on these sales and other investments for the financial year
- SoftBank booked a yearly gain of $46 billion at its Vision Fund driven mainly by the huge rise in value of its investment in OpenAI
- SoftBank has committed to invest more than $60 billion in OpenAI which would give it around 13% ownership of the company, the company said in February
Summary
SoftBank booked a yearly gain of $46 billion at its Vision Fund driven mainly by the huge rise in value of its investment in OpenAI. The Japanese giant has invested more than $30 billion in OpenAI, with its investment gains in the company totalling $45 billion in the year ended March. SoftBank is looking to position itself in the center of the artificial intelligence boom with investments across various AI and chip companies, and Sam Altman's OpenAI forming the centrepiece. SoftBank has committed to invest more than $60 billion in OpenAI which would give it around 13% ownership of the company, the company said in February.