OpenAI Says It Raised $40 Bn At Valuation Of $300 Bn

OpenAI CEO Sam Altman says his artificial intelligence firm is working on a more open model, as it faces pressure from rivals like Meta and DeepSeek (Credit: AFP)

OpenAI on Monday said it raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup.

The infusion of cash comes in a partnership with Japanese investment giant SoftBank Group and "enables us to push the frontiers of AI research even further," the San Francisco-based company said in a post on its website.