Reported 4 days ago
OpenAI is nearing the completion of a $40 billion funding round led by SoftBank, which includes participation from investors such as Magnetar Capital and Coatue Management. This funding round could mark the largest in history, valuing OpenAI at $300 billion as it anticipates revenue to triple this year, driven by the increasing demand for its AI products. Despite the projected growth, OpenAI faces significant operational costs and does not expect to achieve cash-flow positivity until 2029.
Source: YAHOO