TechFlow, April 1 — According to CNBC, AI company OpenAI has announced the completion of a $40 billion funding round, setting a record as the largest ever raised by a private tech company. This round values OpenAI at $300 billion, including newly added capital.
SoftBank led $30 billion of the round, with other investors including core investor Microsoft, as well as Coatue, Altimeter, and Thrive. OpenAI plans to allocate approximately $18 billion to its Stargate project in collaboration with SoftBank and Oracle. Notably, the funding amount could be reduced by $10 billion if OpenAI fails to transition into a for-profit entity by December 31, 2025.
Add to Favorites
Share to Social Media
