New updates have been reported about OpenAI (PC:OPAIQ)
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OpenAI is on the verge of securing a substantial $40 billion funding round, significantly boosting its valuation to $300 billion. This round is primarily led by SoftBank, which is set to contribute $7.5 billion initially, with plans for an additional $22.5 billion later this year. Other investors, including Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management, are also in discussions to participate, with Magnetar potentially investing $1 billion.
This new funding round marks a substantial increase from OpenAI’s previous $6.6 billion raise in October 2024, which was led by Thrive Capital and valued the company at $157 billion. The influx of capital is expected to support OpenAI’s continued development of advanced AI technologies, such as its recent enhancements in image generation capabilities. This strategic financial move underscores OpenAI’s growth trajectory and its position as a leading player in the AI industry, with significant implications for its business operations and market influence.