OpenAI is approaching completion of a $40 billion fundraising round led by SoftBank, doubling its valuation to $300 billion in just four months. This investment will position OpenAI alongside other major private firms like SpaceX and ByteDance. Despite competition from rivals like DeepSeek, which recently demonstrated a powerful AI system with far less investment, the deal indicates strong investor confidence in OpenAI. The partnership will also involve a $100 billion agreement to create new data centers in the U.S. for AI development, showcasing OpenAI's expanding influence in the field.
"The deal shows that investors are still bullish on artificial intelligence market leaders like OpenAI, despite setbacks in the U.S. financial markets last month."
"OpenAI is set to complete a $40 billion fund-raising deal that nearly doubles the high-profile company's valuation, making it one of the most valuable private companies in the world."
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