SoftBank Group (TYO:9984) executed a $10 billion follow-on investment in OpenAI on July 1, via Vision Fund 2 as the second tranche of its previously announced $30 billion commitment.
The funds were secured through a bridge facility agreement signed in March, with the third and final $10 billion tranche scheduled for Oct. 1, according to a Tokyo bourse filing on Wednesday.
The closing date for the third tranche may be accelerated if OpenAI undergoes a public listing of its shares.
This investment follows the initial tranche completed on April 1 and is part of SoftBank's broader strategic financing of OpenAI.
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