OpenAI raises $40B at $300B valuation in round led by SoftBank

The AI giant will receive $10 billion in initial funding – with SoftBank and its CEO Masayoshi Son to contribute $7.5 billion and the rest of the money coming from a group of investors that includes Microsoft, Thrive Capital, Altimeter Capital and Coatue Management, Bloomberg reported. The additional $30 billion is set to be dispersed at the end of the year, with $22.5 billion coming from SoftBank and $7.5 billion from other investors. Sam Altman's OpenAI has raised $40 billion in a new funding round led by ...