OpenAI Reportedly Secures $5.5 Billion in SB Energy Warrants

According to The Wall Street Journal, SoftBank-backed SB Energy has granted OpenAI warrants valued at approximately $5.5 billion as part of an effort to secure the AI firm as a data center tenant ahead of its upcoming IPO. OpenAI has previously invested in SB Energy. The company is preparing to file for an IPO as early as this week, with plans to raise between $5 billion and $7 billion as soon as next month. SoftBank and OpenAI intend to lease space in three of SB Energy's data centers, while a fourth facility in Scurry County, Texas, with a 900-megawatt ca