OpenAI will reportedly close its SoftBank-led $40 billion round soon

Funding Round Overview - OpenAI is nearing the completion of a new funding round amounting to $40 billion, led by SoftBank [1] - Other notable investors include Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management, with Magnetar potentially contributing $1 billion [2] Investment Details - SoftBank is set to invest an initial $7.5 billion, with an additional $2.5 billion from a syndicate of investors [3] - A second tranche of investment is anticipated this year, where SoftBank will invest another $22.5 billion, alongside an additional $7.5 billion from syndication [3] Valuation Impact - The previous funding round in October 2024 raised $6.6 billion at a valuation of $157 billion [4] - The new funding round is expected to elevate OpenAI's valuation to $300 billion [4]