OpenAI is in discussions to raise approximately $40 billion in funding, nearly doubling its valuation to $340 billion. Previously valued at $157 billion, the company is backed by significant investments from Microsoft and plans further support from SoftBank, which is expected to contribute $15 to $25 billion. This funding will support a joint venture, Stargate, aimed at enhancing U.S. competitiveness in AI against China. OpenAI's co-founder Sam Altman acknowledges rising competition, specifically from DeepSeek and its new chatbot, R1, prompting OpenAI to investigate potential technology theft.
OpenAI, the maker of ChatGPT, is in discussions to raise close to $40 billion in fresh funding-almost doubling its valuation to as high as $340 billion.
Under discussions first reported by The Wall Street Journal, SoftBank is poised to lead the new round with a direct investment of between $15 billion and $25 billion.
DeepSeek's R1 is an impressive model, particularly around what they're able to deliver for the price, Altman acknowledged on X.
We take aggressive, proactive countermeasures to protect our technology and will continue working closely with the US government to protect the most critical AI advancements.
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