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SoftBank Group has agreed to invest another $30 billion in OpenAI through Vision Fund 2, increasing its total commitment to the AI company to $64.6 billion.
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SoftBank Group is becoming increasingly tied to the fortunes of OpenAI after the AI startup drove a $46 billion annual gain at the company’s Vision Fund business.
The Tokyo-based investment conglomerate reported Wednesday that nearly all of the Vision Fund’s gains for the fiscal year ended March came from the rising value of its OpenAI investment, which generated roughly $45 billion in gains after the group invested more than $30 billion into the company.
