Overview

• OpenAI has finalized the largest private tech funding round in history, raising $40 billion and achieving a $300 billion valuation.
• SoftBank leads the investment with $30 billion, joined by Microsoft, Coatue, Altimeter, and Thrive Capital contributing the remaining $10 billion.
• The funding is contingent on OpenAI completing its transition to a for-profit structure by the end of 2025, or SoftBank's contribution could be reduced by $10 billion.
• The capital will support AI research, scaling infrastructure, and the Stargate project, a $500 billion joint venture with SoftBank and Oracle to build AI data centers.
• ChatGPT's user base has surged to 500 million weekly users, fueled by new image-generation features, as OpenAI positions itself against growing competition in the AI sector.