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OpenAI’s ChatGPT has grown to more than 250M users per week thus attracting more investors.The continued growth of generative AI has positively impacted AI-related crypto projects that have a market valuation of over $40 billion.SoftBank Group, a leading multinational investment holding company, has offered to purchase $1.5 billion worth of OpenAI’s shares. According to persons familiar with the matter, OpenAI employees have a chance to sell their stake in the company at a unit price of $210 per share to SoftBank in the latest investment deal.
Reportedly, OpenAI employees have until December 24 this year to decide if they intend to proceed with the deal. The latest investment deal adds to OpenAI’s $6.6 billion recent funding round, which propelled its total valuation to about $157 billion.
According to Masayoshi Son, the founder and CEO at SoftBank, the latest investment bid follows a recent $500 million stake in OpenAI, thus cementing its presence in the artificial intelligence industry.
As an early investor in Arm Holdings plc (NASDAQ: ARM), a British semiconductor and software design company, SoftBank is keen to expand its presence in the AI industry amid mainstream adoption. Furthermore, SoftBank has the largest technology-focused investment vehicle dubbed Vision Fund with more than $100 billion in capital.
OpenAI and the Market Outlook
The rise of OpenAI in the Artificial Intelligence industry has been bolstered by the strategic investment accrued over the years. The successful launch of ChatGPT, which has attracted more than 250 million weekly active users, has been a major boost for OpenAI.
Some of the notable OpenAI investors include Thrive Capital, Microsoft Corporation, and chipmaker Nvidia, among others. Meanwhile, OpenAI is reportedly looking to restructure its operations to a for-profit business, amid rising competition from other generative AI companies.
The shift from a non-profit company to a for-profit venture has stirred different reactions, especially with the original investors led by tech billionaire Elon Musk.
However, OpenAI’s CEO Sam Altman has signaled the company’s growth to dominate the generative industry, which is expected to reach a trillion-dollar sector in a few years.
Impact on AI-related Crypto Tokens
The Artificial Intelligence (AI) crypto market cap has grown significantly in the past two years amid the mainstream adoption of the underlying technology. According to the latest market data, the AI-related crypto projects had a market cap of about $40.8 billion and a daily average traded volume of around $5.2 billion.
Some of the best-performing AI-related crypto projects include Near Protocol (NEAR), Internet Computer (ICP), Bittensor (TAO), and Virtuals Protocol (VIRTUAL), among others. Notably, the AI-related coins give holders a governance right to the underlying project.
The notable investments into the AI industry from traditional capital markets will have a profound impact on related crypto projects. Moreover, the crypto cash rotation will soon favor altcoins as Bitcoin experiences diminishing returns.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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