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SoftBank in talks to lead $40b funding in OpenAI at $300b valuation: report

SoftBank in talks to lead $40b funding in OpenAI at $300b valuation: report

FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

SoftBank Group is in talks to lead a funding round of up to $40 billion in artificial intelligence developer OpenAI at a valuation of $300 billion, including the new funds, sources said, in what could be a record single funding round for a private company.

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