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    OpenAI secures $1.5 billion from SoftBank, staff cashes out shares amidst controversies

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    OpenAI, the creators of ChatGPT, received a $1.5 billion investment from SoftBank, enabling OpenAI staff to cash out their restricted stock units at $210 each. SoftBank, led by Masayoshi Son, has made sizable investments in AI technology, supporting OpenAI with $6.6 billion last October. Despite recent controversies involving an unreleased tool leak and a dismissed copyright lawsuit, this investment bolsters OpenAI’s standing.

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    ChatGPT’s creators, OpenAI, have just gotten a $1.5 billion boost from SoftBank. The huge investment allows the big company to buy shares from people currently working at OpenAI and those who have previously worked there.

    What’s cool is that OpenAI peeps can cash out their restricted stock units at $210 each. This basically means they can get money from their shares particularly now when selling tech shares isn’t too easy.

    People say that the big boss of SoftBank, a dude named Masayoshi Son, is really keen to have more of OpenAI. This investment makes OpenAI even stronger and lets its stakeholders get some dough in tough times.

    SoftBank is splashing out big time for AI. Last October, it was part of a team that poured $6.6 billion into supporting OpenAI. It’s part of their plan to back companies that are on the cutting edge of technology.

    In July, they also put some money into another AI company that is planning to give regular machines and robots a general-purpose brain! Sounds far out, right?

    There’s been some drama, though. OpenAI’s unreleased tool called Sora was leaked by some frustrated beta testers and artists. They spilled the beans online claiming OpenAI used their work without pay or credit. OpenAI has since locked down the tool, but the drama keeps the spotlight on fair practices in AI research.

    Meanwhile, a US federal judge chucked out a copyright lawsuit against OpenAI. News outlets had accused them of misusing articles to train their ChatGPT tool. Although OpenAI was cleared due to lack of evidence, the opposing lawyers said they’ll try again with more proof. The drama continues!

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