软银批准向OpenAI追加投资225亿美元，为其上市铺路

Group 1 - SoftBank's board has approved an additional investment of $22.5 billion in OpenAI, marking the second tranche of a total planned investment of $30 billion [2] - The completion of this investment is contingent upon OpenAI undergoing a specific corporate restructuring to transition into a public benefit corporation, facilitating its eventual public listing [2][3] - The current funding round values OpenAI at $260 billion, excluding this round's investment [2] Group 2 - The substantial funding will primarily address OpenAI's rising costs associated with AI model development and operations, with projected computing expenses reaching $16 billion this year and soaring to $40 billion next year [3] - OpenAI has set aside a total of $100 billion in a special computing budget until 2030 to support long-term technological breakthroughs [3] - Despite facing significant expenditures, OpenAI's valuation has surged to $500 billion in recent employee stock transfer transactions [3] Group 3 - OpenAI's IPO may still be several years away due to its unique organizational structure, which was established as a non-profit at its inception in 2015, resulting in early investors holding profit-sharing rights rather than traditional equity [3] - Successful restructuring will convert these rights into standard shares of the public benefit corporation, covering all participants in the previous funding rounds [3][4] - OpenAI must complete two critical steps: reaching a new agreement with key investor and partner Microsoft, and obtaining approval from relevant regulatory bodies [3][4] Group 4 - Microsoft and OpenAI are finalizing the specific terms of a revenue-sharing agreement, where Microsoft is entitled to 20% of OpenAI's total revenue and has rights to resell OpenAI technology to its customers until 2030 [4] - The restructuring plan requires approval from the attorneys general of Delaware and California, with some non-profit organizations expressing concerns that the restructuring may undermine OpenAI's original mission to develop AGI for the benefit of humanity [4] - OpenAI has committed to ensuring that the non-profit organization retains control over the for-profit entity and will receive equity valued at no less than $100 billion, approximately one-third of the total equity post-restructuring [4]