💨 Abstract

OpenAI is planning to raise $40 billion in a new funding round led by SoftBank Group, valuing the AI company at $300 billion. The funding includes $10 billion from SoftBank in April, $30 billion in December, and additional investments from Microsoft, Coatue Management, Altimeter Capital, and Thrive Capital. The funds will be used for AI research, expanding computational infrastructure, and enhancing tools like ChatGPT.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖