The Entrepreneurs Weekly
No Result
View All Result
Sunday, June 1, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

ChatGPT-Maker OpenAI Closes Record $40B Funding Round | Entrepreneur

by Brand Post
April 1, 2025
in Business
0
ChatGPT-Maker OpenAI Closes Record B Funding Round | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


OpenAI just closed a record-breaking fundraising round.

On Monday, the ChatGPT-maker announced that it had raised $40 billion, with Japan’s SoftBank contributing $30 billion and investors like Microsoft and Thrive investing the rest, at a $300 billion valuation. It’s the biggest tech funding round on record from a private company, per CNBC.

OpenAI says it will use the funds to power AI research, buy AI chips and infrastructure, and create AI tools for ChatGPT’s now 500 million global weekly users. OpenAI last reported 400 million weekly users for ChatGPT in February.

About $18 billion of the funding will go towards Stargate, a joint venture between SoftBank, OpenAI, and Oracle announced in January to build AI data centers in the U.S.

Related: ChatGPT Can Now Complete a Major Task That Would Take a Human Up to 30 Days. Here’s How it Works.

“Hundreds of millions of people use ChatGPT each week,” OpenAI CEO Sam Altman said in a statement on Monday, per Bloomberg. “This investment helps us push the frontier and make AI more useful in everyday life.”

OpenAI will receive $10 billion right away and $30 billion by the end of the year. However, there’s fine print to the deal: To receive the $30 billion, OpenAI has to transition to become a for-profit company by the end of the year, per Reuters. OpenAI currently consists of a nonprofit parent company and a for-profit arm, with the nonprofit board governing all of OpenAI’s activities.

In December, the startup proposed a plan to spin off its for-profit business into a Delaware-based corporation that runs and controls its business and operations. According to the Wall Street Journal, both OpenAI’s largest shareholder, Microsoft, and the California attorney general need to approve of the plan and have yet to do so.

The fundraising round nearly doubles OpenAI’s valuation from its previous peak of $157 billion in October after a $6.6 billion fundraising round. Now, OpenAI is among the most valuable private companies in the world, joining the ranks of startups like SpaceX, valued at $350 billion in December, and TikTok’s parent company ByteDance, worth around $300 billion in November.

Related: Is ChatGPT Search Better Than Google? I Tried the New Search Engine to Find Out.



Source link

Tags: 40BArtificial IntelligenceBusiness NewsChatGPTChatGPTMakerClosesentrepreneurFundingNews and TrendsOpenAIRecordScience & Technologytech startupsTechnology

Related Posts

This 0 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur
Business

This $200 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

May 31, 2025
What Every Brand Gets Wrong About Using AI | Entrepreneur
Business

What Every Brand Gets Wrong About Using AI | Entrepreneur

May 31, 2025
Improve Your Productivity with Windows 11 Pro for Just  | Entrepreneur
Business

Improve Your Productivity with Windows 11 Pro for Just $15 | Entrepreneur

May 31, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
This 0 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

This $200 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

May 31, 2025
What Every Brand Gets Wrong About Using AI | Entrepreneur

What Every Brand Gets Wrong About Using AI | Entrepreneur

May 31, 2025
Improve Your Productivity with Windows 11 Pro for Just  | Entrepreneur

Improve Your Productivity with Windows 11 Pro for Just $15 | Entrepreneur

May 31, 2025
Turn Your Side Hustle Into a 7-Figure Business With These 4 AI Growth Hacks | Entrepreneur

Turn Your Side Hustle Into a 7-Figure Business With These 4 AI Growth Hacks | Entrepreneur

May 31, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In