OpenAI staffers are set to sell $6 billion in stock to SoftBank and other investors, marking a significant financial move for the company. This sale highlights the growing interest in AI technologies and the financial backing required to support their development and expansion.
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SoftBank has approved a second installment of $22.5 billion to finalize its $30 billion investment in OpenAI, contingent upon the AI firm completing a corporate restructuring for a potential public offering. This investment is part of a larger $41 billion financing round announced earlier, with previous funding agreements also in place.