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2 years ago
OpenAI’s Record $40 Billion Funding Round with SoftBank
News Summary
OpenAI has announced a record-breaking $40 billion funding round, the largest ever for a startup, which values the ChatGPT maker at $300 billion. The Japanese investment group SoftBank leads the investment, initially contributing $10 billion, with a further $30 billion contingent on future performance targets. This partnership aims to advance AI research towards artificial general intelligence (AGI), with OpenAI now exploring more open generative AI models in response to competition from companies like DeepSeek and Meta. This funding is expected to significantly bolster OpenAI’s capabilities, as the firm continues to expand its cutting-edge AI technologies.
Story Coverage
theguardian.comOpenAI raises up to $40bn in record-breaking deal with SoftBank
Read Full Article →proactiveinvestors.comOpenAI worth $300bn after record $40bn funding round backed by Softbank
Read Full Article →thetechportal.comOpenAI secures $40Bn in fresh funding, valuation at $300Bn
Read Full Article →blockonomi.comOpenAI Secures Record $40 Billion Funding Round Led by SoftBank
Read Full Article →siliconrepublic.com:format(webp)/cdn.vox-cdn.com/uploads/chorus_asset/file/24681832/Samsung_Bespoke_Family_Hub__1__1_.jpeg)
