OpenAI closes $40 billion funding round, largest private tech deal on record
- OpenAI announced it raised $40 billion in funding, making it the largest capital-raising session ever for a startup, valuing the company at $300 billion.
- SoftBank will invest $10 billion initially and an additional $30 billion by year-end to support OpenAI's AI research advancements.
- OpenAI plans to build a more open generative AI model to compete with similar offerings from DeepSeek and Meta.
- SoftBank stated that OpenAI's advancement in AI models is crucial for achieving artificial general intelligence .
170 Articles
170 Articles
OpenAI closes $40B funding round
OpenAI raised $40 billion from investors in its latest funding round, the ChatGPT maker announced Monday. The deal, which values the artificial intelligence (AI) company at $300 billion, was led by Japanese company SoftBank. It plans to contribute $30 billion, while the remaining $10 billion will come from a syndicate of other investors. “We’re excited…
OpenAI says it raised $40B at valuation of $300B
SAN FRANCISCO, United States – OpenAI on Monday said it raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup. The infusion of cash comes in a partnership with Japanese investment giant SoftBank Group and “enables us to push the frontiers
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