TECH
OpenAI faces tight deadline to secure $40bn SoftBank funding

OpenAI must complete its shift to a for-profit structure by year-end to lock in a massive $40 billion investment led by SoftBank, according to media reports quoting a source familiar with the negotiations.
If the AI pioneer fails to restructure in time, SoftBank could slash its commitment to $20 billion—half the original amount.
The accelerated timeline, first reported by The Wall Street Journal, tightens pressure on OpenAI, which initially had a two-year window following its last funding round.
The Microsoft-backed company has long argued that becoming a for-profit entity is essential to fund its cutting-edge AI development.
This high-stakes move highlights the growing financial demands of the AI race, where only deep-pocketed players can compete at the frontier.
-
JOBS/SCHOLARSHIPS3 days ago
MTN Nigeria massive recruitment 2025
-
CAMPUS REPORTS3 days ago
ASUU elects new president
-
ENTERTAINMENT3 days ago
“I made 70 million naira in 3 days from fighting Speed Darlington” – Portable
-
CAMPUS REPORTS16 hours ago
2025 UTME: There were errors – JAMB finally admits
-
FOREIGN1 day ago
US Lawmakers Propose 5% Tax on Overseas Remittances, Nigerians Among Those Likely to Feel the Pinch
-
CAMPUS REPORTS2 days ago
AE-FUNAI Secures NUC Accreditation For 12 Academic Programmes
-
CAMPUS REPORTS2 days ago
AE-FUNAI Department of Economics Sets Agenda for Sustainable Economic Development in Africa
-
JOBS/SCHOLARSHIPS9 hours ago
UK Survey Jobs That Pay Nigerians Well from Home and How to Apply
-
CAMPUS REPORTS2 days ago
Education Unlocked: C-SAGAS Foundation Empowers 150 NECO Candidates
-
NEWS3 days ago
“Nigeria, Africa can thrive only if we tackle corruption, rascality in governance” – Peter Obi
-
SPORTS3 days ago
Rodrygo opted out of El Clásico amid Real Madrid exit speculation
-
EDITORIAL3 days ago
Bola Ahmed Tinubu: His Leadership, Benefits, and Challenges Overview of Tinubu’s Political Career