OpenAI said Monday it has secured an additional$ 40 billion in funding to support research and development, as the tech powerhouse looks to strengthen its lead in the artificial intelligence sector.
Chinese company SoftBank led the money around, as well as contributions from other investors, including longtime lover Microsoft,  , OpenAI said in a website post. has reached out to learn more.
The news comes just weeks after OpenAI’s foe xAI acquired the X social media platform, owned by Elon Musk, a vocal critic of OpenAI CEO and co-founder Sam Altman.
” Today we’re announcing new funding —$ 40 billion at a$ 300 billion post-money valuation, which enables us to push the frontiers of AI research even further, scale our compute infrastructure, and deliver increasingly powerful tools for the 500 million people who use ChatGPT every week”, OpenAI said.
OpenAI now stands just behind Musk’s SpaceX, valued at$ 350 billion. OpenAI was already considered a “unicorn”, a designation for private companies valued at over$ 1 billion.
Although he didn’t explain the funding large, OpenAI CEO Sam Altman posted on X Monday that ChatGPT added two million people over the past five times.
The peak in use follows a major upgrade to ChatGPT’s image-generation abilities. The device proved but resource-intensive that Altman asked people on X to slow down use, saying it was “melting OpenAI’s GPUs”.
OpenAI praised SoftBank, calling the firm—led by Masayoshi Son—a president in scaling revolutionary technology.  ,
In January, OpenAI partnered with Oracle and SoftBank to release the Stargate Project, a$ 500 billion effort to develop AI data locations across the United States over the next four decades.  ,
” Their support will help us maintain building AI techniques that drive scientific breakthrough, enable personalized training, improve human ingenuity, and pave the way toward AGI that benefits all of humanity”, they said.
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