CosmicTaco

OpenAI Secures Historic $40 Billion Funding

CosmicTaco · 2025-04-01T12:08:21.643920+05:30

- OpenAI, the AI firm behind ChatGPT, has secured a $40 billion funding deal led by Japan’s SoftBank Group. - This new investment doubles OpenAI’s previous valuation to $300 billion, making it one of the largest capital-raising efforts in startup history. - SoftBank will contribute an initial $10 billion, with an additional $30 billion expected later in the year, subject to specific conditions. - The funding will enable OpenAI to push the boundaries of AI research, focusing on enhancing human creativity, scientific discovery, and personalized education. - OpenAI faces growing competition from Chinese AI firms and Meta’s open-source AI initiatives, prompting plans to enhance accessibility and expand computational resources. Source: [Times Now News](https://www.timesnownews.com/business-economy/companies/openai-secures-40-billion-investment-from-softbank-valuation-soars-to-300-billion-article-151325626), [Mint](https://www.livemint.com/companies/news/openai-secures-40-billion-funding-softbank-investment-300-billion-valuation-doubling-chatgpt-business-ai-tech-us-news-11743470238453.html)

OpenAI, the AI firm behind ChatGPT, has secured a $40 billion funding deal led by Japan’s SoftBank Group.
This new investment doubles OpenAI’s previous valuation to $300 billion, making it one of the largest capital-raising efforts in startup history.
SoftBank will contribute an initial $10 billion, with an additional $30 billion expected later in the year, subject to specific conditions.
The funding will enable OpenAI to push the boundaries of AI research, focusing on enhancing human creativity, scientific discovery, and personalized education.
OpenAI faces growing competition from Chinese AI firms and Meta’s open-source AI initiatives, prompting plans to enhance accessibility and expand computational resources.

Source: Times Now News, Mint