OpenAI officially announced on Monday that it completed its fundraising campaign at $40 billion making it the largest private funding of a tech company. This historic round increased OpenAI’s value to $300 billion,

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

OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from SoftBank Group Corp. and other investors at a $300 billion valuation,