OpenAI Finalizes $40 Billion Funding at $300 Billion Value

OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from SoftBank Group Corp. and other investors at a $300 billion valuation, including money raised.

The AI developer’s financing round is the largest of all time, according to data compiled by research firm PitchBook. The deal values the company at almost double its previous valuation of $157 billion when it raised money in October. Bloomberg reported on March 26 that OpenAI was close to buttoning up the $40 billion financing deal.