Softbank

Grab secured US$1.46 billion from SoftBank’s Vision Fund in 2019.

SoftBank’s cumulative investment in OpenAI now stands at US$64.6 billion, and its ownership interest is about 13%.

Cloud revenue grew 31.7% to 25.1 billion yen (US$159 million), raising cloud’s share of total sales to 33.6% from 28.8%.

The Japanese technology investor said it had raised about US$11.1 billion in bonds to help fund its latest payment to OpenAI.

The Japanese investment holding company said the proceeds will fund its US$10 billion payment for the third tranche of the OpenAI investment.

SoftBank has committed US$64.6 billion to OpenAI.

SoftBank recently raised 1 trillion yen (US$6.45 billion) through a retail bond sale in Japan.

The drop was SoftBank’s biggest since late June and left the stock about 30% below its June peak.

Around 20 banks committed to SoftBank’s two-year financing facility.

The company has not said how long the pause will last or how many users are signing up each day.