OpenAI in talks for massive funding round at $340 billion valuation

Odaily News OpenAI is in early talks for a massive funding round that values the company at $340 billion, more than double what it was worth in October, the Wall Street Journal reported, citing unnamed people familiar with the matter. The ChatGPT maker is discussing up to $40 billion in this round. Earlier reports said SoftBank Group was considering investing $15 billion to $25 billion in OpenAI. OpenAI and other top AI companies have pledged to invest billions of dollars in data, talent and physical infrastructure to support the development of more advanced AI systems. In recent days, the Chinese AI company DeepSeek released a competitive model, calling this spending spree into question. (Jinshi)