OpenAI Announces Massive $40 Billion Funding Round, Valuing It at $300 Billion

OpenAI Announces Massive $40 Billion Funding Round, Valuing It at $300 Billion

April 1, 2011 - Monday, local time.OpenAI Announced the closing of a sizable private placement roundFinancingThe company has raised a whopping $40 billion (note: the current exchange rate is about 290,778 million yuan), valuing the company at $300 billion after the financing is complete. This is considered to be one of the largest private financing rounds ever.

According to a blog post by OpenAI on its official website, theThe financing was led by Softbank GroupThe company's investment in the round was made by Microsoft, Coatue, Altimeter and Thrive. In addition, Microsoft, Coatue, Altimeter and Thrive participated in the round. These companies were all early supporters of OpenAI.

In a blog post, OpenAI said, "This new funding will allow us to further push the boundaries of AI research, expand our computing infrastructure, and provide even more powerful tools to the 500 million people who use ChatGPT every week."

In addition, OpenAI is looking forward to working with the SoftBank Group, stating that "few companies know how to scale transformative technologies as well as they do."

According to CNBC, citing a source familiar with the matter, theAbout $18 billion of the funding will go to OpenAI's ambitious Stargate infrastructure project, which aims to build a network of AI data centers across the United States.

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