The Wall Street Journal reported that OpenAI is in talks to secure $40 billion in new funding, valuing the company at $340 billion. This represents almost a doubling of its valuation from the $157 billion it held in October when it raised $6.6 billion. SoftBank is reportedly leading the investment round, providing between $15 billion and $25 billion. This potential development could positively impact AI-linked cryptocurrencies, as OpenAI's increased valuation may bolster confidence in the sector.
Wall Street Journal reported that OpenAI is in talks to raise new $40 billion funding, at a valuation of $340 billion.Previously, OpenAI was valued at $157 billion when it raised $6.6 billion in October, according to the report. For the new round, SoftBank is said to be the lead investor supplying funding between $15 billion and $25 billion, the story continued.
This could bode well for AI-linked cryptocurrencies, as OpenAI almost doubling its valuation would bring back some confidence into the sector after competitor DeepSeek's rise took some froth out of the industry.Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies.
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