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OpenAI must complete for-profit transition by year-end to raise full $40 billion

  • OpenAI is nearing the completion of a $40 billion funding round led by SoftBank Group Corp., as reported by Bloomberg.
  • This funding would value OpenAI at $300 billion, significantly above the GDPs of countries like South Africa and Portugal, according to PitchBook data.
  • Other investors like Magnetar Capital and Coatue Management are reportedly participating in this funding round with significant investments.
  • The funding follows OpenAI's previous $6.6 billion round, which occurred in October 2024, valuing the company at $157 billion.
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Bloomberg broke the news in United States on Wednesday, March 26, 2025.
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