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OpenAI Secures $40 Billion Funding Deal With SoftBank, Others

  • OpenAI has secured a $40 billion funding deal with SoftBank and other investors, valuing the company at $300 billion.
  • This funding round follows OpenAI's previous round in which it raised $6.6 billion in 2024.
  • The funding will be used to push the boundaries of AI research, scale the compute infrastructure, and improve ChatGPT.
  • OpenAI and SoftBank are also involved in the Stargate Project, a joint venture aimed at developing AI infrastructure in the US.

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