Close
OpenAI is on the verge of securing a monumental $40 billion funding round, spearheaded by SoftBank Group Corp. This funding round includes potential contributions from notable investors such as Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management. If finalized, this deal would mark the largest funding round in history, elevating OpenAI's valuation to $300 billion.
SoftBank is set to invest an initial $7.5 billion, with a subsequent $30 billion tranche planned for later this year. The involvement of Magnetar Capital, which may contribute up to $1 billion, highlights the significant interest in OpenAI's advancements in artificial intelligence. This funding is crucial for OpenAI as it continues to innovate and expand its AI capabilities.
• OpenAI's funding round could be the largest in history.
• SoftBank's investment will significantly boost OpenAI's valuation.
A funding round refers to the process of raising capital from investors to support business growth, as seen with OpenAI's current efforts.
Valuation is the estimated worth of a company, which in OpenAI's case is projected to reach $300 billion.
Artificial intelligence encompasses technologies that enable machines to perform tasks typically requiring human intelligence, central to OpenAI's mission.
OpenAI is a leading artificial intelligence research organization focused on developing advanced AI technologies, which are attracting significant investment.
SoftBank is a Japanese conglomerate investing heavily in technology and AI, including a major stake in OpenAI's funding round.
Business Insider 5month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
Key AI Highlights in this Article
Key AI Terms Mentioned in this Article
Companies Mentioned in this Article
