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OpenAI has secured a record-breaking $40 billion funding round led by SoftBank, pushing its valuation to $300 billion. This significant capital infusion is poised to fuel further advancements in AI research, expand the company's computational infrastructure, and enhance its existing suite of AI tools. According to OpenAI, the funding will support its efforts to build AI systems that drive scientific discovery, enable personalized education, enhance human creativity, and pave the way toward Artificial General Intelligence (AGI).

SoftBank will initially invest $10 billion into OpenAI, with a potential additional $30 billion by the end of 2025, contingent upon certain conditions being met. Other notable investors participating in the round include Microsoft, Coatue Management, Altimeter Capital, and Thrive Capital. This financial backing will allow OpenAI to scale its infrastructure and deliver increasingly powerful tools for the 500 million people who use ChatGPT every week. The company plans to allocate a substantial portion of the funds, reportedly around $18 billion, to its Stargate initiative, a joint venture with SoftBank and Oracle aimed at establishing a network of AI data centers across the United States.

ImgSrc: www.artificiali

References :

• Fello AI: OpenAI Secures Historic $40 Billion Funding Round
• techxplore.com: OpenAI says it raised $40 bn at valuation of $300 bn
• THE DECODER: Softbank leads OpenAI's $40 billion funding round
• AI News | VentureBeat: $40B into the furnace: As OpenAI adds a million users an hour, the race for enterprise AI dominance hits a new gear
• www.theguardian.com: OpenAI raises up to $40bn in record-breaking deal with SoftBank
• www.techrepublic.com: OpenAI Secures $40B in Historic Funding Round — But There’s a $10B Catch

Classification:

• HashTags: #OpenAI #Funding #AIResearch
• Company: OpenAI
• Target: OpenAI
• Product: GPT
• Feature: funding round
• Type: AI
• Severity: Major