OpenAI raises $40bn in deal with SoftBank that values it at $300bn
by Dan Milmo and agency from Technology | The Guardian on (#6WADC)
Japanese investor to put $10bn at first into OpenAI and $30bn more by end of 2025 if certain conditions are met
OpenAI has raised $40bn (31bn) through fundraising led by the Japanese group SoftBank, in a deal that values the ChatGPT developer at $300bn.
OpenAI said the funding round would allow the company to push the frontiers of AI research even further". It added that SoftBank's support would pave the way" towards AGI, or artificial general intelligence, the term for AI systems that can match or exceed humans at nearly all cognitive tasks.
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