SoftBank completes second $10B tranche of its $30B OpenAI commitment

Economic Times reports that SoftBank Group completed the second tranche of its OpenAI investment, deploying another $10 billion through Vision Fund 2. The investment is part of an additional $30 billion commitment announced in February, with SoftBank planning a final $10 billion tranche on October 1. The article says the latest tranche was funded through a bridge facility and comes as OpenAI weighs delaying a public listing while SoftBank's exposure to the ChatGPT maker remains one of its largest bets.

Key details: SoftBank deployed another $10 billion into OpenAI through Vision Fund 2, The tranche is part of a $30 billion commitment announced in February, SoftBank plans to invest the final $10 billion tranche on October 1.

Why it matters: The tranche turns headline AI financing into actual deployed capital and keeps SoftBank deeply exposed to OpenAI's valuation path.