this post was submitted on 25 Jul 2025
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OpenAI Seeks Additional Capital From Investors as Part of Its $40 Billion Round (www.wired.com)
submitted 1 month ago by MCasq_qsaCJ_234@lemmy.zip to c/technology@lemmy.world
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[–] PumpkinSkink@lemmy.world 9 points 1 month ago* (last edited 1 month ago) (1 children)

Part of the 40 billion that they might* get from mostly SoftBank, who said they would give OpenAI substantially less if they don't restructure into a for profit by the end of 2025. 1

I suspect they're anticipating the 30 billion from SoftBank to partially fall through.

[–] k0e3@lemmy.ca 3 points 1 month ago

I'm hoping it's going to be another WeWork situation for SoftBank — not because I have anything against SoftBank — but because I'd love to see OpenAI die.