Military Space News
TECH SPACE
SoftBank eyes $15-25 bn investment in OpenAI: FT
SoftBank eyes $15-25 bn investment in OpenAI: FT
by AFP Staff Writers
Tokyo (AFP) Jan 30, 2025

Japan's SoftBank is in talks to invest $15-25 billion in OpenAI in a deal that would make it the ChatGPT-maker's biggest financial backer, the Financial Times reported on Thursday.

The report comes after Chinese startup DeepSeek sparked panic this week with a powerful new chatbot developed at a fraction of the cost of its US competitors, dealing a blow to markets.

SoftBank and OpenAI are part of the Stargate drive announced by US President Donald Trump to invest up to $500 billion in artificial intelligence infrastructure in the United States.

The Japanese firm's mooted investment would come on top of its commitment of more than $15 billion to Stargate, the FT said, citing people with direct knowledge of the negotiations.

"Ultimately, the Japanese company could spend more than $40bn on its partnership with OpenAI," the report said.

OpenAI will also invest $15 billion in Stargate, and SoftBank's equity investment in the US company could cover the latter's commitment to the AI infrastructure project, the FT added.

SoftBank was not immediately available for comment when contacted by AFP. Shares in the firm were down one percent in Tokyo trading Thursday morning.

The company, founded by Japanese tycoon Masayoshi Son, made spectacularly successful early bets on Yahoo! and Alibaba in the 1990s but some of its other investments have bombed.

Securing huge funding from Saudi Arabia, Abu Dhabi and others, Son -- an early backer of Trump -- has sought to pivot into AI, helped by SoftBank's stake in chip designer Arm.

Elon Musk has openly poured scorn on Stargate, saying on X this month that the main investors "don't actually have the money".

The world's richest man was an early investor in OpenAI and has long been in a feud with its founder Sam Altman, who called the Tesla founder's comments "wrong".

burs-stu/kaf/dan

Related Links
Space Technology News - Applications and Research

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TECH SPACE
DeepSeek, Chinese AI startup roiling US tech giants
Hangzhou, China (AFP) Jan 28, 2025
Chinese startup DeepSeek, which has sparked panic on Wall Street with its powerful new chatbot developed at a fraction of the cost of its competitors, was founded by a hedgefund whizz-kid who believes AI can change the world. Based out of the eastern Chinese city of Hangzhou - sometimes known as "China's Silicon Valley" - DeepSeek has come seemingly out of nowhere to release a cutting-edge product. But in China it was already making waves, last year dubbed the "Pinduoduo of AI" - a reference ... read more

TECH SPACE
Iron Dome for America: Trump's missile defense effort

Teledyne Brown Engineering Completes Successful Launch of Black Dagger Zombie Target Missile

Trump orders planning for 'Iron Dome' missile shield for US

RTX's Raytheon secures $529 million contract to bolster Dutch Patriot air defense system

TECH SPACE
Philippines to train with US Typhon missile system next month

Poland to buy over 200 anti-radar missiles from US

Kyiv says Ukraine missiles hit army radars in Russia

North Korea fires short-range ballistic missiles into sea

TECH SPACE
Fatal Ukrainian drone barrage on Russia hits oil refinery

Firestorm Labs awarded $100M contract by US Air Force to boost UAS development

'Unprecedented' level of control allows person without use of limbs to operate virtual quadcopter

US Navy expands contract with Packet Digital to advance UAS battery systems

TECH SPACE
SpaceX set to launch Hisdesat's SpainSat NG I satellite on January 28

Controversy in Italy over potential deal with Musk's SpaceX

Quadsat and NATO NCIA validate Quadsat system for WGS compliance testing

ESA to support development of secure EU communications satellite constellation

TECH SPACE
US pledges $117 mn in aid to Lebanon military

Spain pledges 10 million euros for Lebanon army

Swiss to mull conscripting women

US. unveils $500M in military aid at final Ukraine defense summit before Trump takes office

TECH SPACE
Russia former deputy defence minister faces embezzlement trial

Ukraine sacks deputy minister amid arms procurement infighting

Portugal says to meet NATO defence spend minimum earlier

India boosts domestic arms industry and looks West to pare back Russia reliance

TECH SPACE
Google Maps to show 'Gulf of America' to US users

Putin says Russia 'ready for negotiations' with Donald Trump on Ukraine

Hegseth sworn in as US defense secretary

Pandas, like Trump, are back in Washington

TECH SPACE
Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.