OpenAI has announced a $40 billion funding round led by SoftBank Group, increasing its valuation to $300 billion. This substantial investment aims to advance AI research, expand computational infrastructure, and enhance AI tools like ChatGPT. The move reflects growing investor interest in AI, as enterprises increasingly adopt AI solutions to optimise operations and improve customer experiences. Previously, OpenAI raised $6.6 billion in October at a $157 billion valuation, positioning it among the world's most valuable private companies alongside SpaceX, ByteDance, and Stripe.
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