SoftBank has approved the remaining $22.5B to complete its planned $30B investment in OpenAI, per The Information.
The funding is contingent on OpenAI finishing its corporate restructuring that would allow a future IPO.
If restructuring fails, SoftBank’s total investment would scale back to $20B.
The money would help fill out OpenAI’s $41B financing round announced in April.
For now, we’re “safe” thanks to Trump’s tweet pausing tariffs for 90 days.
Wild how we perfectly tagged the 2022 S&P high before diving into the bear market. Timing is everything.