OpenAI says it raised $40 billion at valuation of $300 billion

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OpenAI on Monday said it raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup.

The infusion of cash comes in a partnership with Japanese investment giant SoftBank Group and “enables us to push the frontiers of AI research even further,” the San Francisco-based company said in a post on its website.

“Their support will help us continue building AI systems that drive scientific discovery, enable personalized education, enhance human creativity, and pave the way…



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OpenAI says it raised $40 billion at valuation of $300 billion


OpenAI on Monday said it raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup.

The infusion of cash comes in a partnership with Japanese investment giant SoftBank Group and “enables us to push the frontiers of AI research even further,” the San Francisco-based company said in a post on its website.

“Their support will help us continue building AI systems that drive scientific discovery, enable personalized education, enhance human creativity, and pave the way…



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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