SoftBank In Talks To Invest $30 Billion More In OpenAI: Report

SoftBank Group (OTC:SFTBY)  is in talks to invest up to $30 billion more in OpenAI, as the ChatGPT maker seeks up to $100 billion in new capital, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

SoftBank and OpenAI did not immediately respond to Benzinga‘s requests for comment.

SoftBank's Tokyo-listed shares rose over 8% on the news, before paring gains. They were last up 3.7% on Wednesday afternoon.

AI Bet Gets Bigger

The Japanese conglomerate is one of the largest shareholders in OpenAI, with a stake of about 11% after it completed the