This is part of the $500 billion Stargate project, for which OpenAI and SoftBank pledged $18 billion each in January to get the venture started.
SoftBank Group Corp. (SFTBY) is reportedly planning to invest $3 billion in an Ohio factory to manufacture equipment for OpenAI data centers.
Add Asianet Newsable as a Preferred Source
According to a Reuters report citing The Information, the investment will be used to overhaul an electric vehicle factory in Lordstown, Ohio.
This is part of the $500 billion Stargate project, for which OpenAI and SoftBank pledged $18 billion each in January to get the venture started.
OpenAI is not publicly listed. Retail sentiment on Stocktwits around the company trended in the ‘neutral’ territory at the time of writing.
Get updates to this developing story directly on Stocktwits.<
For updates and corrections, email newsroom[at]stocktwits[dot]com.<