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

Share via:


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.

Popular

More Like this

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Elon Musk’s Neuralink could fetch $8.5 billion valuation

Elon Musk's brain implant company Neuralink is planning...

Microsoft’s Copilot gets major upgrade to power AI-first workplaces

Microsoft is betting big on the future of...

Cryptocurrency firm Tether raises Juventus stake to over 10%

Cryptocurrency firm Tether said on Thursday it had...

Popular

Upcoming Events

China’s top ecommerce firms retreat from refund-only policy

The new refund policies aim to reduce fraudulent...

iPhone 17 Air barely thicker than side buttons in...

If this design leak is correct, the rumored...

Upbit and Bithumb suspend Synthetix token deposits, citing sUSD...

South Korean exchanges Upbit and Bithumb have suspended...
GdfFD GFD GFD GFD GFD GFD GFD