
What you need to know
- SoftBank's CFO recently revealed the institution had the chance to invest a low valuation of $30 billion in OpenAI but pulled back due to a lack of well-established revenue streams.
- The institution recently invested $500 billion in OpenAI's $6.6 billion round of funding, citing a stronger revenue base and focus on converting to a for-profit entity.
- SoftBank admits the ChatGPT maker could face critical developmental issues in the future. However, its multi-billion partnership with Microsoft and access to its Azure Cloud Computing services places it in a unique position to scale greater heights.