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OpenAI to raise US$40 billion in SoftBank-led new funding

by Sarkiya Ranen
in Technology
OpenAI to raise US billion in SoftBank-led new funding
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OPENAI said on Monday it would raise US$40 billion in a new funding round led by SoftBank Group at a US$300 billion valuation to advance AI research, expand computational infrastructure, and enhance its AI tools.

Microsoft-backed OpenAI said it looks to deliver increasingly powerful tools for the 500 million people who use ChatGPT every week. REUTERS

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Tags: BillionFundingOpenAItoRaiseSoftBankledUS40
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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