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OpenAI (OPAI.PVT) secured an additional $40 billion in funding, bringing its valuation to $300 billion.
Catalysts host Madison Mills highlights how SoftBank (9984.T) is leading the funding and seeking a $16.5 billion loan to support its artificial intelligence (AI) investments, including the Stargate AI venture.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
OpenAI says it secured an additional $40 billion in its latest funding round, pushing the company's valuation to $300 billion. The funding round led by SoftBank is the largest for a private tech company in history, according to CNBC. Meantime, SoftBank is seeking a record $16 and a half billion dollar loan to help fund its ambitious AI investments, according to Bloomberg. SoftBank has teamed up with OpenAI, Oracle, and others on the Stargate AI venture with the goal of investing $500 billion into US AI infrastructure over the next four years. The venture was announced back in January at the White House, though had been planned since 2022. SoftBank has been seeking financing to the rollout into the project, according to reports. The loan, which would be its largest ever denominated solely in dollars, may also be used to fund SoftBank's latest investment in OpenAI.
