According to sources cited by The Wall Street Journal, OpenAI is in negotiations to secure a new round of funding worth up to $40 billion, valuing the company at around $300 billion. SoftBank is taking the lead in this investment round.
Preliminary figures suggest that SoftBank’s investment will fall in the range of $15-25 billion. The initial valuation discussed was $340 billion, but it has since been adjusted. OpenAI’s current valuation stands at $157 billion, following an investment of $6.6 billion in October, in which SoftBank also participated.
It is clear that the relationship between these two companies is growing closer, as OpenAI and SoftBank are among the key investors in the ambitious Stargate project. This project aims to build a massive AI data center worth $500 billion.
TLDR: OpenAI is in talks for a new funding round worth $40 billion, with SoftBank leading the investment. The relationship between the two companies is strengthening, as they are both major investors in the Stargate project.
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