Kylie Robison
OpenAI targets a $340 billion valuation.
The ChatGPT-maker is reportedly looking to raise up to $40 billion in funding at a $340 billion valuation. SoftBank would lead the round and invest up to $25 billion.
SoftBank also announced last week it would be investing in a $500 billion datacenter project with OpenAI called Stargate. Its been reported that OpenAI and SoftBank will each invest $19 billion in that project. SoftBank tends to fund with debt — it already carries $150 billion on its books.
