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Softbank has approved a second installment of $22.5 billion to complete its $30 billion investment in OpenAI, tech news website the Information reported on Saturday, October 25.
The Japanese investment group’s board has approved the installment as long as the artificial intelligence startup completes a corporate restructuring that would pave the way for an eventual public offering, the report said, citing a person with knowledge of the decision.
Reuters could not immediately verify the report. SoftBank and OpenAI did not immediately respond to a…
