OpenAI has raised $40bn in new funding from SoftBank and other investors, valuing the ChatGPT maker at $300bn as it becomes one of the best-funded private start-ups in the world.
SoftBank was providing 75 per cent of the funding, according to one person familiar with the finances, while 25 per cent would be contributed by additional investors including Microsoft, Coatue Management, Altimeter Capital and Thrive Capital. The Financial Times first reported SoftBank’s investment.
The financing would be provided in two parts, an initial $10bn with the following $30bn to be invested by the end of 2025, the person familiar added.
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