SoftBank Corp. to Invest $40 Billion in OpenAI

In a move that is set to shake the foundations of the artificial intelligence industry, SoftBank Corp. is reportedly on the verge of investing a whopping $40 billion in OpenAI. This significant investment, as reported by CNBC on Friday, will be disbursed over the next 12 to 24 months, marking a pivotal moment for the AI startup.

Valuation and Future Projects

According to a source close to the matter, this investment is expected to push OpenAI's valuation beyond the $300 billion mark, although it will still fall short of the previously projected $340 billion. A portion of this massive investment is rumored to be allocated towards the Stargate AI project, an initiative announced by the Trump administration in January, signaling a new era of AI development and application.