OpenAI to raise $40bn from SoftBank and other investors

OpenAI to raise $40bn from SoftBank and other investors OpenAI to raise $40bn from SoftBank and other investors

PALO ALTO, California — OpenAI, the American pioneer in generative artificial intelligence, announced on Monday that it will raise $40 billion from multiple investors, including the SoftBank Group, bringing its corporate value to $300 billion.

SoftBank is set to invest $30 billion, making it the largest investor in Open AI. With the new funds, Open AI will accelerate its investment in infrastructure to advance AI technology.