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Developer of ChatGPT worth $300bn after latest round of fundraising
The Guardian
|April 02, 2025
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 a so-far hypothetical AI system that can match or exceed humans at cognitive tasks.
"Hundreds of millions of people use ChatGPT each week," said Sam Altman, OpenAI's chief executive. "This investment helps us push the frontier and make AI more useful in everyday life."
This story is from the April 02, 2025 edition of The Guardian.
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