Tuesday, April 01, 2025

OpenAI <= $40B <= SoftBank

not an April's fool's joke?

SoftBank is known for risky investments... 

OpenAI Hits $300B Valuation After $40B SoftBank Investment

"The funding is structured in stages with major conditions attached. SoftBank and its syndicate are injecting an initial $10 billion now, and another $30 billion is slated for late 2025 — but only if OpenAI completes a governance overhaul. Specifically, OpenAI must transition from its current non-profit-controlled, capped-profit model to a conventional for-profit structure by the end of 2025. If it fails to meet this deadline, SoftBank can scale back the remaining investment by up to 25%."


Sam Altman Says OpenAI Will Release an ‘Open Weight’ AI Model This Summer | WIRED


OpenAI adopts rival Anthropic's standard for connecting AI models to data | TechCrunch

AI Code tools: Augment Code vs Cursor AI

AI Coding Assistant Showdown: Augment Code vs Cursor AI (Which is Better?) - YouTube


Augment Code – Developer AI for real work

"The first AI coding assistant built for professional software engineers and large codebases."



Cursor - The AI Code Editor

"Built to make you extraordinarily productive,Cursor is the best way to code with AI."