💨 Abstract

SoftBank is in negotiations to invest up to $40 billion in AI startup OpenAI, potentially valuing the company at $300 billion. This could be the largest funding round ever for a private company, surpassing the $150 billion valuation OpenAI had a few months ago. The investment could also be used for OpenAI's commitment to Stargate, a joint venture aiming to help the US lead in the global AI race.

Courtesy: theprint.in

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