SoftBank Group Stock News

Japanese technology investment group SoftBank Group plans to raise 600 billion yen ($4.10 billion) by issuing bonds to retail investors, it said in a filing on Monday.

Sam Altman's OpenAI has raised $40 billion in a funding round led by investment giant SoftBank as it looks to stave off competition like Elon Musk's xAI and China-based DeepSeek.

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in the AI race.

SoftBank is reportedly seeking up to $16.5 in financing for the so-called “Stargate” AI project. This bridge loan would be the Japanese conglomerate's largest ever facility denominated in dollars, Bloomberg News reported Tuesday (April 1), citing sources familiar with the matter.

Microsoft will get a boost to the value of its stake in ChatGPT-maker but there are complicated negotiations to come over OpenAI's transition to a for-profit company.

OpenAI has raised $40 billion in a landmark funding round, valuing the ChatGPT developer at $300 billion, the largest capital raise ever for a startup. The deal is backed by Japan's SoftBank, which is initially investing $10 billion, with a further $30 billion planned by the end of 2025 if performance targets are met.

SoftBank Group has agreed to lead a funding of up to $40 billion in a for-profit subsidiary of OpenAI, valuing the ChatGPT maker at $300 billion.

OpenAI said on Monday it would raise $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to advance AI research, expand computational infrastructure, and enhance its AI tools.