SoftBank's Massive Bet on OpenAI

In a groundbreaking move, SoftBank Corp. is reportedly planning to invest a staggering $40 billion in OpenAI, the leading artificial intelligence startup. This investment, as reported by CNBC, is expected to be disbursed over the next 12 to 24 months, marking one of the largest investments in the tech industry.

Valuation and Future Projects

This hefty investment is set to propel OpenAI's valuation to exceed $300 billion, though it remains shy of the previously projected $340 billion. A significant portion of the investment is earmarked for the Stargate AI project, an ambitious initiative announced by the Trump administration in January, signaling a new era in AI development and application.