OpenAI secures a record-breaking $40 billion funding round, valuing the company at $300 billion. This massive investment, largely directed towards the Stargate infrastructure project, highlights OpenAI's rapid growth and ambitious plans for AI data center expansion across the US. The funding round dwarfs previous records, signifying a monumental shift in the tech investment landscape.
$40 billion funding round for OpenAI, the largest private tech deal to date
Company valuation at $300 billion
Major investment in Stargate infrastructure project for AI data centers
SoftBank leads the round with $30 billion (potentially reducing to $20 billion)
Funding could be cut if OpenAI fails to restructure to a for-profit entity by the end of 2025