OpenAI is set to receive $10 billion up front (SoftBank will invest $7.5 billion along with $2.5 billion “from an investor syndicate,“ according to Bloomberg). The remaining $30 billion is slated to arrive by year’s end, CNBC reported — but only if it officially converts into a for-profit company by then. If not, it reportedly stands to lose a quarter of the deal.
The funding comes just a few months after OpenAI announced Stargate, a $500 billion joint venture with backing from…
