Close
OpenAI is reportedly negotiating to raise up to $40 billion, which would elevate its valuation to $340 billion. This funding round, led by SoftBank, could see the investment range between $15 billion to $25 billion. The capital is intended to support OpenAI's ongoing operations and its Stargate project, aimed at establishing AI data centers across the U.S.
Despite having significant funds, OpenAI faces substantial losses, reportedly around $5 billion in 2024 against revenues of $3.7 billion. The new funding is crucial for sustaining its ambitious projects and addressing financial challenges. Successfully closing this funding round would mark a significant milestone for OpenAI, reflecting its growth and the increasing demand for AI technologies.
• OpenAI seeks to raise $40 billion to support its operations.
• SoftBank leads the funding round for OpenAI's ambitious projects.
A funding round refers to the process of raising capital from investors, crucial for startups like OpenAI.
Valuation is the estimated worth of a company, which in OpenAI's case is projected at $340 billion.
AI data centers are facilities designed to support AI operations, central to OpenAI's Stargate project.
OpenAI is a leading AI research organization known for developing advanced AI technologies like ChatGPT.
SoftBank is a multinational conglomerate that invests heavily in technology and AI startups, including OpenAI.
The Business Journals 13month
The Financial Times 13month
Bloomberg L.P. 12month
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
