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Economic Times
3w
22
Image Credit: Economic Times
OpenAI close to finalising its $40 billion SoftBank-led funding
- OpenAI is close to finalizing a $40 billion funding round led by SoftBank Group.
- Investors in the funding round include Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management.
- The funding round would be the largest of all time, valuing OpenAI at $300 billion.
- SoftBank will invest an initial $7.5 billion, with a second tranche of $30 billion to follow.
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