OpenAI to raise $40bn from SoftBank and other investors - Nikkei Asia
The valuation of the generative AI pioneer reaches $300bn as OpenAI secures fresh funding of $40 billion from investors including Japan's SoftBank Group.
OpenAI, the American pioneer in generative artificial intelligence, announced on Monday that it will raise $40 billion from multiple investors, including the SoftBank Group, bringing its corporate value to $300 billion.
SoftBank is set to invest $30 billion, making it the largest investor in Open AI, exceeding Microsoft's cumulative investment of nearly $14 billion since 2019. Softbank's equity stake is not expected to match that of Microsoft, which invested in the company at an earlier stage.
