SoftBank to invest $500 million in Sam Altman’s OpenAI: Report

OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion, Bloomberg previously reported. The funding round is slated to be led by Thrive Capital, with participation from Microsoft Corp., the company’s largest investor, and other backers.

Representatives for OpenAI and SoftBank declined to comment. 

The funding round would cement OpenAI’s place as one of the world’s most valuable startups, but it also comes at a moment of uncertainty for the high-profile artificial intelligence company. Mira Murati, OpenAI’s chief technology officer and a key figure at the startup, announced last week that she plans to depart, adding to an exodus of senior managers this year. OpenAI is also considering restructuring to become a for-profit business, Bloomberg previously reported.

SoftBank has not previously invested in OpenAI, but the company has backed one of its rivals. In June, SoftBank’s Vision Fund invested in Perplexity AI, an AI search startup, at a $3 billion valuation.