OpenAI is in early talks to raise up to $40 billion in a massive funding round led by SoftBank that would value the artificial intelligence firm at $340 billion, according to a report. The funding round would nearly double the ChatGPT maker’s value in just a few months – a huge feat after raising $6.

The AI expert’s remarks come as OpenAI and other Silicon Valley giants face a reckoning following DeepSeek’s success.

SoftBank is in talks to invest as much as $25bn into OpenAI, in a deal which would make it the ChatGPT maker’s biggest financial backer, as the pair partner on a massive new artificial intelligence infrastructure project.

U.S. President Donald Trump announced Stargate, a $500 billion AI infrastructure project that's expected to provide 100,000 jobs and boost the American economy, but Elon Musk believes the three companies leading the project don't have the funds.

Trump lauded the up to $500 billion partnership with OpenAI, Oracle, and SoftBank to build out data centers and electricity generation in Texas to support U.S. AI development.

“This will be the most important project of this era,” said Altman, CEO of OpenAI. Ellison noted that ... in the troubled office-sharing company WeWork. While Trump has seized on similar ...

Masayoshi Son founded SoftBank in 1981. It has invested millions in some of Silicon Valley's biggest tech companies.

who's backed ventures such as Uber and WeWork. The Stargate Project will be a new company, with OpenAI and SoftBank as "lead partners," according to an announcement from OpenAI. SoftBank ...

SoftBank is reportedly in talks to invest as much as $25 billion into OpenAI in a deal that would make it the artificial intelligence firm’s largest backer. The deal, which has not yet been finalized,

SoftBank is in discussions to invest between $15 and $25 billion in OpenAI, reports The Wall Street Journal, citing anonymous sources. The deal, which has not been finalized, could make SoftBank the artificial intelligence company's biggest financial backer.

SoftBank is in negotiations to invest between $15 billion and $25 billion directly into OpenAI, in addition to committing more than $15 billion to Stargate.