OpenAI raises $40B at $300B valuation
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New York Post |
OpenAI has raised $40 billion in a new funding round led by investment giant SoftBank as it looks to stave off rivals like Elon Musk’s xAI and China-based DeepSeek.
The New York Times |
OpenAI said on Monday that it had completed a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just six months ago.
Reuters |
With the latest funding, OpenAI will join the ranks of the most valuable private companies such as SpaceX, China's ByteDance and Stripe.
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The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in the AI race.
In the history of startup funding, SoftBank’s announcement that it is backing an investment of up to $40 billion in OpenAI is in a league of its own. No other financing even comes close.
Investing.com -- OpenAI CEO Sam Altman has announced that customers can expect delays in new releases due to capacity challenges.