OpenAI's Ambitious Funding Round

In a bold move to significantly increase its market valuation, OpenAI is in preliminary discussions for a new funding round. This initiative aims to add an impressive $40 billion to its worth, potentially raising its total valuation to $340 billion, as reported by The Wall Street Journal on Thursday.

SoftBank's Leading Role

SoftBank is expected to play a pivotal role in this investment endeavor, with plans to inject between $15 billion and $25 billion. This follows OpenAI's previous fundraising success in October, which saw its valuation soar to $157 billion after securing $6.6 billion in funding.

Investment in Stargate

A significant portion of the new funds is earmarked for OpenAI's financial commitment to Stargate, a collaboration with SoftBank and other partners. This venture is set to finance the development of new data centers across the United States, which are crucial for powering OpenAI's technology nationwide.