According to people familiar with the matter, SoftBank is in discussions to make an additional investment of up to $30 billion in OpenAI, a move that would further increase the Japanese conglomerate's stake in the AI startup. This development follows previous reports indicating that OpenAI is seeking to raise up to $100 billion in new funding from investors. Should the company successfully secure the full amount, its valuation could potentially reach $830 billion. Negotiations for the deal are still ongoing, and the terms remain subject to change. SoftBank is already one of OpenAI's largest shareholders. In December of last year, the company invested $22.5 billion, increasing its stake in OpenAI to 11%. At that time, SoftBank Chairman Masayoshi Son stated in a declaration that the company's "vision is highly aligned with that of OpenAI." Son also mentioned that to fund the investment in OpenAI, SoftBank was compelled to sell its stake in Nvidia for $5.8 billion. OpenAI requires substantial capital to continue developing its artificial intelligence models, meet its massive computational demands, and retain top researchers in an increasingly competitive market. It has been reported that OpenAI is considering an initial public offering (IPO) and plans to raise funds from Middle Eastern sovereign wealth funds and other venture capital funds. The company's existing investors include Thrive Capital, Khosla Ventures, and the UAE fund MGX.