Additionally, the article highlights Safe Superintelligence, an AI research lab co-founded by OpenAI's former chief scientist Ilya Sutskever, which is in talks to raise another $1 billion at a $30 billion valuation. This follows a previous $1 billion raise in September, which valued the startup at $5 billion. The article underscores the ongoing trend of substantial investments in AI startups, despite the volatile nature of the market and past investment challenges faced by major players like SoftBank.
Key takeaways:
- SoftBank reported a net loss of nearly $2.4 billion for its fiscal third quarter, yet plans to invest heavily in AI, including $40 billion into OpenAI.
- The Vision Fund, known for its investments in startups like Uber and DoorDash, lost about $2 billion as shares of companies like Coupang and Didi fell.
- SoftBank has been actively investing in AI-related startups, including a $500 million investment in OpenAI's $6.6 billion raise and co-leading Skild AI's $300 million Series A.
- Safe Superintelligence, co-founded by OpenAI's former chief scientist, is in talks to raise another $1 billion, valuing the startup at $30 billion, a sixfold increase from its previous valuation.