OpenAI in talks to raise $40 billion in funding, aiming for $340 billion valuation

From CNBC: 2025-01-30 16:15:20

OpenAI is in talks to raise up to $40 billion in a funding round led by SoftBank, aiming to boost its valuation to $340 billion. The investment may include funding for the Stargate project, a joint venture with Oracle backed by President Trump. OpenAI faces competition from Chinese startup DeepSeek, which has gained traction in the U.S. with its cost-effective AI model. CEO Sam Altman emphasizes the importance of democratic AI and open source technology.

Read more: OpenAI in talks to raise up to $40 billion at $340 billion valuation