OpenAI received a $1.5 billion investment from SoftBank. This investment allowed employees to sell their shares to SoftBank, giving the Japanese investment giant a significant stake in OpenAI. With the expansion of the AI industry, market analysts are wondering how AI coins will be affected by this development.
OpenAI has offered employees the opportunity to sell $1.5 billion worth of stock to SoftBank. Known as a “tender offer,” the transaction is a proposal to buy shares from existing shareholders in the company. The move makes SoftBank one of OpenAI’s largest shareholders, while current and former employees are looking to cash in on their shares.
AI Coins Expected to Increase in Value
According to a previous report by CoinGape Media, OpenAI recently raised $6.6 billion in funding, bringing its valuation to $157 billion. However, both parties have refrained from commenting on the matter, raising curiosity among market participants.
Crypto market analysts welcomed this development and predict that AI coins will start to gain value along with the growth of the industry. In particular, popular AI coins such as Injective (INJ), NEAR, TAO, and RENDER have recently increased in value, which has led to speculation in the market.
At the time of reporting, Near Protocol rose 3% in the last 24 hours to $6.64, marking a weekly gain of 18%. Internet Computer (ICP) rose 1% on the day to $11.46, marking a weekly gain of 24%. Bittensor (TAO) climbed 3% on the day to $558, marking a weekly gain of 20%.
Crypto market experts expect AI coins to gain value with SoftBank’s $1.5 billion investment. However, the lack of statements from the companies on the subject is leading investors to learn more.
This major investment could accelerate OpenAI’s growth while also increasing the value of related crypto assets. Investors are closely watching the opportunities that will arise from the integration of AI and crypto markets.