OpenAI haz more and more funding 🦹‍♂️


The round was led by Japanese investment firm SoftBank, which is working with OpenAI on the $500 billion Stargate plan alongside Oracle and other partners.

The New York Times, citing an unnamed source familiar with the matter, reports that the investment will be made in two parts, with $10 billion of immediate funding and $30 billion coming by the end of 2025. 

SoftBank accounts for 75% of that cash, while Microsoft, Thrive Capital, Coatue, and Altimeter, along with other investors, will provide the remainder.

In a statement, OpenAI said the funding will allow it to “push the frontiers of AI research even further, scale our compute infrastructure, and deliver increasingly powerful tools” for users of its ChatGPT generative AI chatbot. 

OpenAI kicked off the AI boom in late 2022 when it debuted ChatGPT, which the company says now draws 500 million users each week, up from 400 million in February.

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