OpenAI raises a record-breaking $40B at a $300B valuation, led by SoftBank, to fuel AGI research, expand infrastructure, and launch next-gen AI models.

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 has closed on one of the largest-ever funding rounds for a private company, raising $40 billion at a $300 billion post-money valuation. The bumper funding round was led by SoftBank Group Corp. and saw participation from existing backers of OpenAI, including Microsoft Corp., Coatue Management, Thrive Capital and Altimeter Capital.