OpenAI to raise $40 bln in new funding to drive AI research

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Updated Mon, Mar 31, 2025, 8:25 PM

STORY: OpenAI says it volition rise $40 cardinal successful caller backing to assistance thrust research.

The ChatGPT shaper said Monday the caller fundraising circular would beryllium led by SoftBank.

A Reuters root said the elephantine Japanese tech capitalist would supply 75% of the money, with the remainder coming from Microsoft and different concern groups.

The woody values OpenAI astatine $300 billion.

That’s astir treble the terms tag enactment connected the outfit successful a backing circular precocious past year.

OpenAI says it volition usage the caller funds to thrust probe and make almighty caller tools.

It’s partnering with SoftBank and Oracle to make a web of information centers nether the $500 cardinal Stargate project.

That’s aimed astatine powering AI services successful the U.S.

A Reuters root says OpenAI indispensable implicit its modulation to a for-profit institution by the extremity of the twelvemonth to unafraid the afloat magnitude of backing from SoftBank.

It was primitively established arsenic a non-profit organisation, but says that has to alteration fixed its request to rise immense amounts of wealth from investors.

The latest fundraising makes it among the astir invaluable backstage companies worldwide, alongside the likes of Elon Musk’s SpaceX and China’s ByteDance, the proprietor of TikTok.