<span>STORY: SoftBank could be ramping up its bet on OpenAI.</span><span>The Japanese firm is in talks to pour as much as $30 billion more into the ChatGPT owner.</span><span>A person familiar with the matter said that the money would be part of a funding round that could raise up to $100 billion, valuing OpenAI at about $830 billion.</span><span>CEO Masayoshi Son has made what he calls an “all‑in” bet on OpenAI as it seeks to improve its position in the artificial intelligence race.</span><span>In December, the company said it had completed a $41 billion investment, giving it an 11% stake.</span><span>OpenAI is facing rising costs to train and run its AI models as the race against Google intensifies.</span><span>SoftBank declined to comment, though its shares were up 3.5% in Tokyo morning trade.</span><span>Reuters reported last month that Son had scrambled to gather funds for the earlier investment, slowing dealmaking at the company’s Vision Fund.</span><span>Both OpenAI and SoftBank are backing Stargate, a $500 billion initiative to build AI data centers for training and inference that executives say is key to the U.S. government’s ambitions to keep ahead of China in AI.</span>
