Softbank Group Corp is in talks to invest up to US$25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector.

SoftBank is in talks to invest up to $25 billion into ChatGPT owner OpenAI and become the AI firm's largest financial backer, the Financial Times reported, as the Japanese conglomerate continues to expand into the sector.

OpenAI is in early talks to raise up to $40B in a funding round that would value the ChatGPT maker at $340B, The Wall Street Journal’s Berber