OpenAI Secures $40 Billion in Funding | JQJO

OpenAI secured a massive $40 billion funding round led by SoftBank, valuing the company at $300 billion. This makes OpenAI one of the best-funded private startups globally. Microsoft, Coatue, Altimeter, and Thrive Capital also participated. The funding will be disbursed in two phases, with a potential reduction if OpenAI doesn't complete its for-profit conversion by year's end. The investment fuels OpenAI's push for more accessible AI and the release of a new open-weights AI model, a shift from its subscription-based approach, spurred by competition from companies like DeepSeek and Meta.