SoftBank lifts OpenAI stake to 11% with $41bln investment

Having made colossal profits as well as losses on previous investments, flamboyant founder Masayoshi Son has pivoted SoftBank towards artificial intelligence (AI). SoftBank had announced in April its planned investment of up to $40 billion in Open AI, and on Wednesday it said that the second tranche of $22.5 billion was completed. The final investment reached $41 billion and includes $30 billion from SoftBank's Vision Fund plus $11 billion from other third-party co-investors, it said. "We are...