OpenAI has raised $40 billion, achieving a $300 billion valuation, but $20 billion of this investment from SoftBank is conditional. The initial $10 billion will be available without conditions, directed to the existing for-profit subsidiary, OpenAI Global. However, a further $30 billion awaits OpenAI’s completion of its for-profit restructuring, with SoftBank committing $22.5 billion and partnering with a syndicate for additional funding. If the restructuring fails, SoftBank can reduce its investment, emphasizing the high stakes involved in OpenAI's transition.
Securing $20 billion of OpenAI's $40 billion funding comes with a significant condition: the successful completion of its transition to a for-profit model.
SoftBank's complex deal involves an initial $10 billion with no strings attached, followed by a contingent $30 billion dependent on OpenAI's restructuring.
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