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OpenAI will reportedly close its SoftBank-led $40 billion round soon

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While you’re busy Ghibli-fying your images with ChatGPT’s new image-generation capabilities, OpenAI is out raising a ton more cash. The company is close to finalizing a new $40 billion funding round led by SoftBank, according to a report from Bloomberg.

The report noted that other funds, including the hedge fund Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management, are also in discussions with OpenAI to participate in the round, with Magnetar potentially putting in $1 billion.

Bloomberg said SoftBank will…



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OpenAI will reportedly close its SoftBank-led $40 billion round soon


While you’re busy Ghibli-fying your images with ChatGPT’s new image-generation capabilities, OpenAI is out raising a ton more cash. The company is close to finalizing a new $40 billion funding round led by SoftBank, according to a report from Bloomberg.

The report noted that other funds, including the hedge fund Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management, are also in discussions with OpenAI to participate in the round, with Magnetar potentially putting in $1 billion.

Bloomberg said SoftBank will…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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