BBG: SoftBank rises on possible $500 million investment in OpenAI

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BLOOMBERG reports:

SoftBank Group Corp.’s stock rebounded, helped by the Japanese company’s possible participation in an OpenAI funding round that may better position Masayoshi Son in a race over artificial intelligence.

SoftBank’s Vision Fund plans to invest $500 million in OpenAI, the Information reported, citing a person familiar with the deal. OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion, Bloomberg previously reported. The funding round is slated to be led by Thrive Capital, with participation from Microsoft ...