OpenAI, SoftBank to invest $1B into SB Energy as part of Stargate Project (OPENAI:Private)

OpenAI (OPENAI) and SoftBank (SFTBY) are set to invest 1BintotheirStargateProjectpartnerSBEnergytosupportitsgrowth,thecompaniessaidonFriday.Eachcompanywillput1B into their Stargate Project partner SB Energy to support its growth, the companies said on Friday. Each company will put 500M into SB Energy, which has also secured $800M of Redeemable Preferred Equity ...