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OpenAI in talks to raise up to US$40 billion in new funding

Bloomberg
Bloomberg • 2 min read
OpenAI in talks to raise up to US$40 billion in new funding
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OpenAI is in talks to raise as much as US$40 billion in a funding round led by SoftBank Group Corp, according to people familiar with the matter.

The ChatGPT maker is in discussions to raise funds at a pre-money valuation of US$260 billion, said one of the people, who spoke on condition of anonymity to discuss private information. OpenAI was valued at US$157 billion in October.

The Wall Street Journal previously reported some of the funding details. OpenAI declined to comment. SoftBank did not immediately respond to a request for comment.

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