SoftBank Explores Investing In OpenAI After Bumper Arm IPO: Report

Arm’s IPO is reportedly set to expand SoftBank’s war chest to as much as $65 billion. According to the report, SoftBank is also looking at making substantial investments in direct rivals of the ChatGPT maker. SoftBank said in a statement that “We do not comment on rumours.” OpenAI declined to comment on the report.