OpenAI Seeks $40 Billion Funding Amidst New Valuation

According to BlockBeats, OpenAI is reportedly in early discussions for a new funding round aiming to raise approximately $40 billion, which would increase its valuation to $340 billion. The Wall Street Journal reports that SoftBank Group is considering investing between $15 billion and $25 billion in this round. Previously, in October 2024, OpenAI raised $6.6 billion, valuing the company at $157 billion. BlockBeats also reported that U.S. President Donald Trump announced the formation of a joint venture named Stargate, involving OpenAI, SoftBank, and Oracle. This venture plans to secure $500 billion in investments over the next four years to develop new AI infrastructure in the United States. OpenAI is set to deploy $100 billion immediately. This infrastructure aims to maintain U.S. leadership in the AI sector, create hundreds of thousands of jobs, and bring significant economic benefits globally. Elon Musk has commented on OpenAI's Stargate initiative, stating, "They actually don't have the funds."