OpenAI Close to Finalizing $40 Billion SoftBank-Led Funding
The deal is set to value OpenAI at $300 billion including dollars raised — almost double the ChatGPT maker’s previous valuation.
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OpenAI is close to finalizing a $40 billion funding round led by SoftBank Group Corp. — with investors including Magnetar Capital, Coatue Management, Founders Fund and Altimeter Capital Management in talks to participate, according to people familiar with the matter.
Magnetar Capital — an Evanston, Illinois-based hedge fund — could contribute up to $1 billion, according to multiple people, all of whom asked not to be identified because the information is private.