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OpenAI Raises $40 Bln In SoftBank-led Funding Round At $300 Bln Post Valuation
OpenAI announced that it has raised around $40 billion in the latest funding round led by Japan's SoftBank, valuing the ChatGPT maker at around $300 billion. OpenAI Chief Executive Sam Altman stated that the investment helps the firm push the frontier and make AI more useful in everyday life.
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vor 528 Tagen
SoftBank's $100 Bln Pledge In US To Create 100K AI, Infrastructure Jobs
Japan's SoftBank Group is planning to invest $100 billion in the United States over the next four years, which would create more than 100,000 jobs in Artificial Intelligence or AI and related critical infrastructure. During President-elect Donald Trump's first news conference since the election, SoftBank founder and Chief Executive officer Masayoshi Son joined to make the announcement...
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vor 633 Tagen
SoftBank-backed WeWork Files For Bankruptcy
Flexible space provider WeWork, which is backed by Japanese technology major SoftBank Group, filed for Chapter 11 bankruptcy protection. The company, which was once valued at $47 billion, has entered into restructuring support agreement with its key financial stakeholders, with a view to drastically reducing its existing funded debt.
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vor 1039 Tagen
SoftBank Chip Unit Arm Files For US IPO
Chip designer Arm, owned by Japan's SoftBank, has filed for an initial public offering in the United States. The proposed IPO on the Nasdaq exchange is expected to be one of the largest listing in recent years. The UK-based company revealed the IPO information in a filing with the U.S. Securities And Exchange Commission, while a prospective share price is yet to be listed.
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vor 1116 Tagen
