(Reuters) -SoftBank has approved a second installment of $22.5 billion to complete its $30 billion investment in OpenAI, tech news website the Information reported on Saturday.
The Japanese investment group’s board has approved the installment as long as the artificial intelligence startup completes a corporate restructuring that would pave the way for an eventual public offering, the report said, citing a person with knowledge of the decision.
Reuters could not immediately verify the report. SoftBank and OpenAI did not immediately respond to a request for comment.
The money would fill out a $41 billion financing round that was announced in April, according to the Information report.
SoftBank had earlier agreed to fund OpenAI with $10 billion in mid-April and an additional $30 billion

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