Overview
- The Information reports SoftBank approved a $22.5 billion installment that would complete a planned $30 billion commitment to OpenAI.
- The approval is conditioned on OpenAI completing a corporate restructuring designed to enable a future public offering, according to the report.
- The new tranche would help fill out a previously announced $41 billion financing round from April, the report said.
- Earlier terms described $10 billion funded in April and a further $30 billion targeted for December, with the total falling to $20 billion if restructuring does not occur.
- Reuters said it could not independently verify the report and noted that SoftBank and OpenAI did not respond to requests for comment.