Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.

OpenAI, the maker of ChatGPT, is in talks to sell $6 billion in shares owned by its current and former employees to investors, in a deal that would value the artificial intelligence company at roughly $500 billion, according to two people with knowledge of the discussions.

Below are major AI investments SoftBank has announced so far. On August 18, SoftBank announced a $2 billion equity investment in Intel, saying the deal reflected its belief that chip manufacturing and supply would expand further in the U.

The AI startup is chasing a $500 billion valuation, with backers betting it can become the next Apple or Google. There are reasons for skepticism.

OpenAI is in talks for a $6B employee share sale valuing the ChatGPT maker at $500B, making it the world’s most valuable private company.

OpenAI is set to sell $6 billion in employee shares at a $500 billion valuation, making it the world’s most valuable startup.

OpenAI has seen its valuation repeatedly jump higher, from $157 billion in October to $300 billion in March. That month, the company reached an agreement with SoftBank and other investors for a new funding,

Foxconn's chairman, Young Liu, announced the company's cooperation with SoftBank in Ohio as part of OpenAI's Stargate project. In this collaboration, SoftBank will supply the venue and equipment necessary for the initiative.

The Apple product manufacturer sold the Lordstown, Ohio, facility to the Japan-based conglomerate for $375 million.