OpenAI, the creator of ChatGPT, is aiming for a groundbreaking US$40 billion funding round, valuing the company at a remarkable US$340 billion. SoftBank is leading the charge with a potential investment of US$15 billion to US$25 billion, positioning itself as OpenAI's biggest financial backer. This massive funding injection comes just three months after OpenAI's previous round, which valued the company at US$157 billion. The investment will partly support OpenAI's commitment to Stargate, a US$500 billion initiative to bolster American AI infrastructure.
OpenAI, the creator of ChatGPT, is aiming to raise a staggering US$40 billion in a new funding round, according to a Wall Street Journal report on Thursday, January 30th. This investment would catapult the company's valuation to a record-breaking US$340 billion. Leading this ambitious investment drive is Japan's SoftBank, which is in negotiations to inject between US$15 billion and US$25 billion into OpenAI, solidifying its position as the company's largest financial backer.
This funding push comes just three months after OpenAI concluded its previous funding round, which valued the company at US$157 billion. Doubling its valuation in such a short span would be an unprecedented feat in Silicon Valley history, highlighting the substantial financial resources required to develop cutting-edge AI models from the ground up. These resources encompass advanced computing capabilities, robust infrastructure, and a constant influx of talent.The influx of new capital is partly intended to support OpenAI's commitment to Stargate, a US$500 billion initiative spearheaded by former US President Donald Trump aimed at bolstering American artificial intelligence infrastructure. OpenAI has pledged approximately US$18 billion to this ambitious project, and the fresh funding would contribute significantly to fulfilling this commitment. SoftBank's potential investment in OpenAI would complement its previous pledge of over US$15 billion to Stargate, potentially exceeding US$40 billion in total investment in this strategic partnership
Openai Chatgpt Funding Softbank Valuation Artificial Intelligence Stargate
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