OpenAI, SoftBank
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The Softbank-OpenAI tie-up comes amid a historic period for ultra-large startup financings at stratospheric valuations.
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OpenAI announced on Monday that it would raise up to $40 billion in a new funding round led by Japan’s SoftBank Group.
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OpenAI said on Monday it would raise up to $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools.
OpenAI is seeking to convene a group of experts to advise its nonprofit goals as the company transitions to a for-profit corporation.
Sam Altman’s OpenAI has raised $40 billion in a funding round led by investment giant SoftBank as it looks to stave off competition like Elon Musk’s xAI and China-based DeepSeek.
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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
OpenAI said on Monday it would raise up to $40 billion in a new funding round led by SoftBank Group 9984.T at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools.
OpenAI has closed on one of the largest-ever funding rounds for a private company, raising $40 billion at a $300 billion post-money valuation. The bumper funding round was led by SoftBank Group Corp. and saw participation from existing backers of OpenAI, including Microsoft Corp., Coatue Management, Thrive Capital and Altimeter Capital.
The $500B Stargate initiative aims to invest in AI infrastructure over four years, aligning with its AI strategy
The investment was the highest ever raised for a startup and places OpenAI at a $300-billion valuation, tying it with TikTok parent company ByteDance and behind the $350-billion valuation for Elon Musk’s SpaceX, according to research firm CB Insights.