OpenAI closes $40B funding round
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A significant portion — around $18 billion — is reportedly earmarked for OpenAI’s Stargate project, a $500 billion initiative with SoftBank and Oracle to build next-generation AI data centers.
From TechRepublic
Investor enthusiasm for the artificial intelligence sector has surged significantly in recent years, driven by the widespread adoption of chatbots and the emergence of sophisticated AI agents.
From Reuters
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OpenAI closed its latest round of funding where it managed to raise $40 billion from investors, pushing its market cap to $300 billion.
The ChatGPT maker has announced $40 billion in new funding, but $20 billion of that will depend on its controversial for-profit restructuring.
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.
2don MSN
The provision ramps up the pressure on OpenAI to convert into a for-profit entity, a plan that will need the blessing of Microsoft and the California attorney general.
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All of the news and updates about OpenAI continue below. OpenAI has raised $40 billion in a new investment round led by SoftBank, vaulting the company to a $300 billion valuation. It’s the largest funding round for a private tech company in history, according to CNBC.
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.
OpenAI recently announced that it closed one of the largest private funding rounds in history, led by SoftBank.