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SoftBank has invested more than $60 billion in OpenAI, making it the company's second-largest external shareholder with a nearly 13% stake.
The investment in OpenAI is the largest that SoftBank has ever made in a single private company.
SoftBank acknowledged a write-down of approximately $14 billion on its investment in WeWork.
Despite committing over $60 billion, SoftBank does not have a board seat or an observer right on OpenAI's board.
SoftBank recently secured a $40 billion, 1-year loan, which is the single largest debt deal the company has signed.
SoftBank needs OpenAI's valuation to remain at a certain level to comfortably refinance the increasing debt it is using for AI investments.
S&P Global Ratings lowered its outlook on SoftBank to negative from stable, citing that massive bets on OpenAI could drain liquidity and erode asset credit quality.
OpenAI, Anthropic, and xAI (which has been acquired by SpaceX) are all reportedly planning to go public.
A poorly performing IPO for OpenAI could cause trouble for SoftBank and threaten the rollover of its recently acquired loans.
A jury rejected Elon Musk's claims in his lawsuit against OpenAI and Sam Altman, in which he alleged they turned a nonprofit into a for-profit business.
A ChatGPT account linked to shooter Jesse van Rootslaar was flagged internally at OpenAI for abuse and enforcement seven months before the shooting incident.
OpenAI is facing lawsuits from families who accuse the company of failing to prevent chatbot interactions that allegedly contributed to violence and self-harm.