Fudzilla

OpenAI overtakes Musk’s SpaceX in valuation game

Chatgpt maker OpenAI has stitched up a deal that values the artificial intelligence outfit at $500 billion, putting it ahead of Elon Musk’s SpaceX as the most expensive start-up in the world. The ...
New Orleans City Business

OpenAI now worth $500 billion, possibly making it the world’s most valuable startup

OpenAI could now be the world’s most valuable startup, ahead of Elon Musk’s SpaceX and TikTok’s parent company ByteDance, after a secondary stock sale designed to retain employees at the ChatGPT maker ...

Softbank dumps its entire Nvidia portfolio worth $5.8 billion as its CEO goes all-in on OpenAI to the tune of $30 billion

Masayoshi Son, the 68-year-old CEO of SoftBank, has a mixed track record when it comes to massive, high-stakes investments.
Reuters

SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say

Vision Fund shifts focus to support AI ambitions of founder Masayoshi Son Son's strategy returns to high-risk, high-reward investments SoftBank's AI bets include $9.7 billion in OpenAI Sept 18 ...
Digi Times

OpenAI valuation rises to US$500 billion after employee share sale, surpassing SpaceX

OpenAI has completed an employee share resale transaction that boosted its valuation to US$500 billion, making it the world's largest startup. Companies including Japan's SoftBank Group, Thrive ...