OpenAI to raise $40bn from SoftBank and other investors

OpenIA, the manufacturer of ChatGPT, is about to raise 40 billion dollars. A new round of financing, this time led by the Japanese company SoftBank, which values the US start-up at 300 billion dollars.

OpenAI to raise $40bn from SoftBank and other investors

PALO ALTO, California -- OpenAI, the American pioneer in generative artificial intelligence, announced on Monday that it will raise $40 billion from m

The Japanese investment company SoftBank will be the main participant in this fund raising of the flagship of artificial intelligence, the most important ever seen for an unlisted company in the technology sector.

OpenAI Secures $40 Billion Funding, Led by SoftBank, Reaching $300 Billion Valuation

OpenAI secures $40 Billion funding led by Japan’s SoftBank, pushing its valuation to $300B to fuel AI research, infrastructure, & expansion.

Japan's SoftBank would raise a total of $40 billion (nearly 15 thousand billion forints) in financing for the San Francisco-based company by December, on the condition that the company developing ChatGPT becomes profitable by the end of the year.

AI infrastructure becomes one big leveraged bet

By Larry DignanOpenAI's move to raise another $40 billion at a $300 billion valuation is being funded by Softbank, which in turn is paying for its bet with a lot of leverage. Should we be worried about the amount of debt being floated to build out AI infrastructure? Not yet. But remember that debt is swell until it isn't. Softbank said it will fund a $10 billion investment in OpenAI via a loan from Mizuho Bank. Softbank would wind up investing $…