OpenAI to raise US$40 billion in SoftBank-led new funding

OPENAI said on Monday it would raise US$40 billion in a new funding round led by SoftBank Group at a US$300 billion valuation to advance AI research, expand computational infrastructure, and enhance its AI tools.

Microsoft-backed OpenAI said it looks to deliver increasingly powerful tools for the 500 million people who use ChatGPT every week. REUTERS