OpenAI secures $40 billion in largest private funding round. The investment, led by SoftBank Group, values OpenAI at $300 billion to advance AI research.
OpenAI has secured $40 billion in new funding, the largest private fundraising round for a tech company ever. The fundraising, which was led by Japan’s SoftBank Group, values OpenAI at $300 billion.
SoftBank is contributing the lion’s share, cited as 75% in one report and $7.5 billion of an initial $10 billion investment in another. Other investors in the round include Microsoft, Coatue Management, Altimeter Capital and Thrive Capital.
The investment plan includes an initial $10 billion, while the other $30 billion is conditional on OpenAI shifting to a for-profit corporation model before this year ends.
