SoftBank's Massive Bet on AI

In a groundbreaking move, SoftBank Corp. is reportedly planning to invest a staggering $40 billion in OpenAI, the artificial intelligence startup that's been making waves in the tech industry. This investment, as reported by CNBC, is expected to be disbursed over the next 12 to 24 months, marking one of the largest bets on AI technology to date.

Valuation and Future Projects

According to sources close to the matter, this investment would catapult OpenAI's valuation to over $300 billion, though it would still fall short of the previously projected $340 billion. A significant portion of the funds is rumored to be allocated to the Stargate AI project, an initiative announced by the Trump administration earlier this year, signaling a strong push towards advancing AI capabilities on a global scale.