OpenAI is reportedly in early talks to secure up to $40 billion in funding led by SoftBank, a deal that would significantly increase the company's valuation to $340 billion. This massive investment, potentially doubling OpenAI's value in a few months, could see SoftBank become the largest backer, surpassing Microsoft. The funding would be partially used to support OpenAI's $18 billion commitment to the Stargate project.
OpenAI is in early talks to raise up to $40 billion in a massive funding round led by SoftBank that would value the artificial intelligence firm at $340 billion, according to a report.
SoftBank would invest between $15 billion to $25 billion into OpenAI, pushing out Microsoft as the firm’s largest backer, according to the report. Oracle chairman Larry Ellison, SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman look on as President Trump discusses the Stargate project.The Japanese tech firm would also help find investors for the rest of the funding round, though it could still fall apart, the report said.
OpenAI chief executive Sam Altman has reportedly been looking to chip away at his company’s reliance on Microsoft by developing its own AI chips and partnering with other tech giants like Oracle.Under the Stargate agreement, Microsoft also agreed to relinquish its position as OpenAI’s exclusive cloud service provider.
In November, OpenAI allowed its employees to sell about $1.5 billion worth of shares in a tender offer to SoftBank,
OPENAI SOFTBANK FUNDING AI VALUATION
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