On April 1, according to CNBC, OpenAI completed a $40 billion financing, bringing its post-investment valuation to $300 billion (including new capital).
According to CB Insights, this valuation makes OpenAI one of the world's highest valuation private companies, second only to $350 billion SpaceX and tied with TikTok's parent company ByteDance.
This round of financing was led by SoftBank in Japan, with an investment of US$30 billion and has received support from a group of other investors, including core investors Microsoft, as well as institutions such as Coatue, Altimeter and Thrive.
OpenAI said in a blog post that the company plans to use the new fund to "further push the forefront of AI research" and expand its computing infrastructure. According to CNBC, citing people familiar with the matter, about $18 billion will go to OpenAI’s commitment to the Stargate program. The plan is a joint venture between SoftBank, OpenAI and Oracle, announced by Trump in January this year.
According to people familiar with the matter, the initial investment is $10 billion, with the remaining $30 billion to be in place by the end of 2025. However, there is an additional condition for this round of financing: if OpenAI fails to complete its restructuring to a profitable entity by December 31, 2025, the scale of financing may be cut by up to $10 billion.
No comments yet