SoftBank Group completes a $41 billion investment in OpenAI, giving them an 11% stake in the ChatGPT maker. CEO Masayoshi Son is increasing investment in artificial intelligence infrastructure to meet rising demand. This comes shortly after SoftBank’s $4 billion deal to acquire DigitalBridge Group. SoftBank also invested an additional $22.5 billion in OpenAI, with an upsized syndicated co-investment from other backers totaling $11 billion. The deal valued OpenAI at around $300 billion post-money, but a later stock sale valued the company at $500 billion. AI continues to drive global technology markets, with OpenAI at the forefront of industry-wide spending on AI projects like “Stargate.”

Read more at Yahoo Finance: SoftBank completes $41 billion investment in OpenAI, deepening bet on AI