SoftBank lifts OpenAI stake to 11% with 41 billion investment

Having made colossal profits as well as losses on previous investments, founder Masayoshi Son has pivoted SoftBank toward artificial intelligence. Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11% after completing the second stage of a $41-billion investment in the maker of ChatGPT. Having made colossal profits as well as losses on previous investments, flamboyant founder Masayoshi Son has pivoted SoftBank toward artificial intelligence. SoftBank had announced in April its planned investment of up to $40 billion in Open AI, and on Wednesday it said that the second tranche of $22.5 billion was completed. The final investment reached $41 billion and includes $30 billion from SoftBank's Vision Fund plus $11 billion from other third-party co-investors, it said.