OpenAI plans to raise $40 billion to boost its AI efforts
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Reuters — OpenAI said on Monday it would raise up to $40 billion in a new funding round led by SoftBank at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools. The Japanese tech investment group said in a statement that it has agreed to fund OpenAI with $10 billion in mid-April and an additional $30 billion in December, contingent on the AI firm transitioning to for-profit by the end of the year. SoftBank plans to syndicate out $10
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