OpenAI valued at 300 billion dollars after record-breaking funding round

The UK’s competition regulator has said Microsoft’s close partnership with OpenAI does not qualify for further investigation under rules around mergers (Michael Dwyer/AP) - (AP)

OpenAI has raised more than 40 billion dollars in a new funding round that values the maker of ChatGPT at 300 billion dollars, a record-breaking deal for a start-up.

The latest funding round has been led by Japanese investment group SoftBank, who will initially provide 10 billion dollars in funding and then 30 billion dollars more by the end of 2025 if certain conditions are met.