Japanese telecom company SoftBank's Vision Fund will invest $500 million in the latest round of funding for artificial intelligence company OpenAI, The Information reported on Monday, citing people familiar with the matter. Earlier this month, it was reported that OpenAI, which is at the heart of the artificial intelligence boom, will raise $6.5 billion in the form of convertible notes. Apple (AAPL.O) reportedly abandoned plans to participate in this large round of financing. Before SoftBank's investment, the artificial intelligence startup is currently valued at $150 billion. However, the valuation will depend on whether ChatGPT's operators can subvert its corporate structure and remove profit caps for investors. The deal is reportedly SoftBank's first investment in OpenAI.