Overview
- Board approval is contingent on OpenAI completing a restructuring intended to pave the way for an eventual IPO, according to The Information’s report relayed by Reuters.
- SoftBank has indicated its total commitment would fall to $20 billion if the restructuring does not go through.
- The reported condition involves OpenAI moving to a for‑profit Public Benefit Corporation structure that would require legal approvals in California and Delaware.
- The payment would finalize funding first outlined in April as part of a $41 billion round that included an initial $10 billion from SoftBank.
- Reports say SoftBank is arranging additional financing, including talks for a $5 billion loan backed by Arm shares and a $2.9 billion bond sale, while some outlets cite an approximately $500 billion private valuation for OpenAI and annualized revenue near $12 billion, figures not independently verified by Reuters.