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CosmicTaco
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OpenAI Secures Historic $40 Billion Funding

  • OpenAI is nearing the completion of a $40 billion funding round led by SoftBank Group Corp, as reported by Bloomberg News.
  • The funding round includes notable investors such as Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management.
  • Reuters previously reported in January that SoftBank Group was in discussions to lead this substantial funding round, valuing OpenAI at $300 billion including the new funds.
  • This funding round is set to be the largest ever, according to data from research firm PitchBook.
  • Published on March 27, 2025, at 09:35 am IST.

Source: The Hindu, Moneycontrol

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