OpenAI is reportedly closing its SoftBank-led 40 billion dollar round soon

OpenAI is raising money while you’re busy Ghibliizing your images using ChatGPT’s image-generation features. According to reports, the company is nearing a finalization of a new $40 billion round of funding led by SoftBank. Bloomberg reported

According to the report, Magnetar Capital and other hedge funds such as Coatue Management Founders Fund and Altimeter Capital Management are also in discussions with OpenAI about participating in the round. Magnetar could potentially contribute $1 billion. Bloomberg reported that SoftBank would initially invest $7.5 billion with an additional $2.5 from an investor consortium. The report also said that a second tranche will be expected this year. The Japanese conglomerate is expected to invest another $22.5 Billion, and $7.5 Billion more will come from syndication.

OpenAI raised a $6.6 Billion round led by Thrive in October 2024, at a valuation of $157 Billion. Bloomberg’s most recent report stated that the new mega-round would take the company up to a massive 300 billion valuation. Subscribe to the latest tech news from the industry