Massive Investment in OpenAI by SoftBank

In a groundbreaking move, SoftBank Corp. is reportedly on the verge of investing a staggering $40 billion into OpenAI, the renowned artificial intelligence startup. This investment, as reported by CNBC, is expected to be disbursed over the next 12 to 24 months, marking a significant milestone in AI funding.

Valuation and Future Projects

According to sources, this colossal investment could catapult OpenAI's valuation beyond $300 billion, albeit still shy of the earlier $340 billion projection. A portion of these funds is rumored to be allocated towards the ambitious Stargate AI project, a venture that was unveiled by the Trump administration earlier this year, signaling a new era in AI research and development.