Japanese technology giant SoftBank has provided a record-breaking $40 billion investment in artificial intelligence firm OpenAI, valuing the company at $300 billion. This funding round makes OpenAI worth more than Chevron, one of the world’s largest energy companies.
OpenAI, the developer behind popular AI chatbot ChatGPT, announced the deal in a blog post. The funds will be used to unveil new and more powerful models, further solidifying its position at the forefront of the artificial intelligence revolution.
The investment is part of SoftBank’s quarter-billion-dollar commitment to OpenAI. While specifics about the co-investors remain unknown, this latest funding round demonstrates SoftBank’s continued confidence in the company’s vision and potential for growth.
Source: https://www.marketwatch.com/story/openais-now-worth-more-than-chevron-after-300-billion-valuation-9a3fa6d1