OpenAI has announced a historic $40 billion fundraising round, making it the largest tech funding from a private company. Major contributions came from SoftBank, which provided $30 billion, along with investments from Microsoft and Thrive. The funding will be used to advance AI research and infrastructure, expanding the tools available to the 500 million weekly users of ChatGPT. A significant portion will support Stargate, a joint venture to develop AI data centers in the U.S. OpenAI must transition to a for-profit entity to receive part of the funds by year-end.
OpenAI's record-breaking $40 billion funding round, led by SoftBank, aims to enhance AI research and tools, benefiting its 500 million weekly ChatGPT users.
This funding signals OpenAI's aggressive strategy to expand its AI capabilities, particularly through the Stargate venture for building advanced AI data centers in the U.S.
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