OpenAI Set to Close $40 Billion SoftBank-Led Funding Round, Pushing Valuation to $300 Billion
OpenAI nears a $40B SoftBank-led funding round, boosting its valuation to $300B.
Matilda
OpenAI Set to Close $40 Billion SoftBank-Led Funding Round, Pushing Valuation to $300 Billion
The artificial intelligence race is intensifying, and OpenAI is once again making headlines with a massive funding round. According to Bloomberg, OpenAI is on the verge of finalizing a $40 billion funding deal led by SoftBank, which would skyrocket the company’s valuation to a staggering $300 billion. Image: Google A Closer Look at OpenAI’s $40 Billion Fundraising Round Reports indicate that SoftBank is set to invest $7.5 billion upfront, with an additional $2.5 billion coming from a syndicate of investors. The second phase of the investment, expected later this year, will see SoftBank inject another $22.5 billion, while another $7.5 billion will come from syndicated investors. This funding round is shaping up to be one of the largest in the AI sector. Hedge funds like Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management are reportedly in discussions to participate. Magnetar alone is expected to contribute around $1 billion, further solidifying OpenAI’s fin…
