Current and former OpenAI employees plan to sell approximately $6 billion worth of shares to an investor group that includes Thrive Capital, SoftBank Group Corp. and Dragoneer Investment Group, in a deal that values the ChatGPT maker at $500 billion.

Foxconn's chairman, Young Liu, announced the company's cooperation with SoftBank in Ohio as part of OpenAI's Stargate project. In this collaboration, SoftBank will supply the venue and equipment necessary for the initiative.

Below are major AI investments SoftBank has announced so far. On August 18, SoftBank announced a $2 billion equity investment in Intel, saying the deal reflected its belief that chip manufacturing and supply would expand further in the U.

OpenAI is set to sell $6 billion in employee shares at a $500 billion valuation, making it the world’s most valuable startup.

OpenAI is preparing a secondary stock sale worth about $6 billion that would value the company near $500 billion, CNBC reported Friday. The shares would come from current and former employees and be sold to investors,

OpenAI has launched ChatGPT Go, a new $5 subscription plan tailored exclusively for India, aiming to expand its AI services in one of the world’s largest internet markets. Priced at about ₹399 ($4.60) per month,

SoftBank Group Corp. said it’s taking longer than anticipated to get Stargate off the ground, conceding for the first time that the $500 billion artificial intelligence tie-up in the US with OpenAI is bogging down.

The Stargate venture, unveiled at a White House event, is now setting the more modest goal of building a small data center by year-end.

In a recent development, employees of AI firm OpenAI are reportedly mulling over the sale of nearly $6 billion worth of shares to investors, including SoftBank Group (OTC: SFTBY) and Thrive Capital.

Hon Hai Precision Industry Co. will operate a US factory owned by SoftBank Group Corp., setting up what’s in the running to be the first manufacturing site in the Japanese company’s $500 billion Stargate venture with OpenAI and Oracle Corp.