OpenAI is close to completing a $40 billion financing led by SoftBank, with a valuation of $300 billion

PANews reported on March 27 that according to Bloomberg, OpenAI is close to completing a round of financing of up to US$40 billion, with a valuation of US$300 billion, setting a record for the largest financing in history. The round of financing was led by SoftBank Group, and the participants also include Magnetar Capital, Coatue Management, Founders Fund and Altimeter Capital. SoftBank will invest a total of about US$30 billion in two phases, with a investment of US$7.5 billion in the first phase. This move significantly improved the basis of OpenAI's valuation of $157 billion in October last year.