Japanese investor to put $10bn at first into OpenAI and $30bn more by end of 2025 if certain conditions are met
Business live – latest updates
OpenAI has raised $40bn (£31bn) through fundraising led by the Japanese group SoftBank, in a deal that values the ChatGPT developer at $300bn.
OpenAI said the funding round would allow the company to “push the frontiers of AI research even further”. It added that SoftBank’s support would “pave the way” towards AGI, or artificial general intelligence, the term for AI systems that can match or exceed humans at nearly all cognitive tasks.
About Author
More Stories
Aston Martin limits exports to US because of Trump tariffs
EU microchip strategy ‘deeply disconnected from reality’, say official auditors
TikTok fined €530m by Irish regulator for failing to guarantee China would not access user data