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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OpenAI, one step away from the largest funding round in its history. The company that created ChatGPT will reach a value of $ 300 billion - HotNews.ro
OpenAI is close to receiving a record $40 billion funding round from conglomerate Softbank and other investors, with a first tranche of $7.5 billion coming very soon,…
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