OpenAI closes $40 billion funding round, largest private tech deal on record
- OpenAI has completed a funding round worth $40 billion from SoftBank Group Corp. And other investors, valuing the company at $300 billion, as reported by Bloomberg.
- This funding round is recognized as the largest private tech deal on record, according to data from PitchBook.
- SoftBank will invest $7.5 billion initially, with plans for an additional $30 billion by the end of 2025, as noted by multiple sources.
- OpenAI aims to complete a corporate restructuring by year-end to gain independence from its nonprofit governance, or risk SoftBank cutting its investment to $20 billion.
191 Articles
191 Articles
OpenAI says it raised $40 bil in new funding round
OpenAI says it has raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup. The infusion of cash comes in a partnership with Japanese investment giant SoftBank Group and "enables us to push the frontiers of…
OpenAI closes $40B funding round
OpenAI raised $40 billion from investors in its latest funding round, the ChatGPT maker announced Monday. The deal, which values the artificial intelligence (AI) company at $300 billion, was led by Japanese company SoftBank. It plans to contribute $30 billion, while the remaining $10 billion will come from a syndicate of other investors. “We’re excited…
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