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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 gets $40b funding to expand AI research and infrastructure
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In a move that surprised the tech industry Monday, OpenAI said it has secured a monumental $40 billion funding round led by SoftBank, catapulting its valuation to an unprecedented $300 billion -- making it the largest private equity investment on record.
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OpenAI raises $40B at $300B valuation in round led by SoftBank
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OpenAI funding round could be cut by $10 billion if for-profit conversion doesn't occur by year-end
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 updates about OpenAI
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.
An AI ‘gold rush.’ What to know about OpenAI’s record $40-billion funding round
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 raises $40B at $300B post-money valuation
OpenAI recently announced that it closed one of the largest private funding rounds in history, led by SoftBank.
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