OpenAI Secures Staggering $40 Billion in Funding, Valued at $300 Billion
Summary
OpenAI, the AI research company behind ChatGPT, has secured a staggering $40 billion in funding led by SoftBank, valuing the company at an unprecedented $300 billion, enabling it to accelerate AI research, expand compute infrastructure, and bolster its Stargate joint venture with Microsoft.
Key Points
- OpenAI closed a record $40 billion funding round, valuing the company at $300 billion
- SoftBank led the round with $30 billion, while Microsoft and other investors contributed $10 billion
- The funding will be used to advance AI research, scale compute infrastructure, and support the Stargate joint venture