OpenAI, the company behind ChatGPT, is aiming to raise $40 billion in fresh funding, pushing its valuation to a staggering $340 billion. Japan's SoftBank is leading the investment round, with potential contributions ranging from $15 billion to $25 billion. This investment would make SoftBank OpenAI's largest financial backer. The move comes amidst growing competition in the AI landscape, particularly following the emergence of DeepSeek, a Chinese startup that has developed a powerful chatbot at a fraction of OpenAI's costs.
SAN FRANCISCO — OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday.Japan's SoftBank is leading the investment round and is in talks to invest $15-25 billion in the deal that would make it the ChatGPT-maker's biggest financial backer.
The new funds would partly go to help OpenAI fulfill its roughly $18 billion commitment to Stargate, the Journal said.The Japanese firm's mooted investment would come on top of its commitment of more than $15 billion to Stargate, the FT said, citing people with direct knowledge of the negotiations.'Ultimately, the Japanese company could spend more than $40bn on its partnership with OpenAI,' the report said.SoftBank was not immediately available for comment when contacted by AFP.
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