OpenAI in talks to raise funding that would value AI startup at up to $340 billion
Publishing timestamp: 2025-01-30 20:49:30
Summary
OpenAI is in talks to raise up to $40 billion in funding round led by SoftBank, potentially valuing the company at $340 billion. The company faces competition from DeepSeek in the generative artificial intelligence market. The funding may also be used for OpenAI's commitment to Stargate, a joint venture with SoftBank and Oracle. CEO Sam Altman acknowledges the competition and the need for democratic AI to succeed.
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