OpenAI is set to complete a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just four months ago. The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, according to three people with knowledge of the deal who spoke on the condition of anonymity. The deal would make OpenAI one of the most valuable private companies in the world, along with the rocket company SpaceX and ByteDance, the maker of TikTok. SoftBank will invest up to $40 billion in OpenAI and will syndicate the deal, with other investors providing about a quarter of the total funds, the people said. That figure would be a $15 billion increase from a total that was discussed one week ago. CNBC reported earlier on the investment talks. The deal shows that investors are still bullish on artificial intelligence market leaders like OpenAI, despite the U.S. financial markets’ tumbling late last month after a Chinese company called DeepSeek unveiled rival technology.
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