{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/660f682c917d2900176e5514/67ec602a506c6c628cc7df86?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Unveiling the Largest Startup Financing in History How Did SoftBank and OpenAI Do It","description":"<p>SoftBank plans to invest up to $40 billion in OpenAI, creating the largest startup funding deal in history. This investment surpasses Microsoft’s $10 billion partnership with OpenAI in 2023 and SoftBank's $9.5 billion deal with WeWork in 2019. The financing structure involves a syndicate of co-investors contributing $10 billion, while SoftBank will provide $30 billion. OpenAI expects to receive the full investment by year-end, aiming for a post-money valuation of $300 billion following certain restructuring conditions. Currently, seven U.S. venture-backed private firms have valuations above $45 billion, with rising trends indicating increased confidence in retaining private shares for longer periods.</p><p>Learn more on this news visit us at: https://theweb3.news/news-bites/unveiling-the-largest-startup-financing-in-history-how-did-softbank-and-openai-do-it/</p><p><br></p><p><br></p>","author_name":"theWeb3.news"}