SoftBank leads a $40 billion financing round, valuing OpenAI at $300 billion.

OpenAI is set to complete a $40 billion funding round led by SoftBank Group. Including the raised funds, OpenAI's valuation will reach $300 billion, nearly double last year's valuation of $157 billion. Additionally, OpenAI's revenue continues to double, with an estimated growth to $12.7 billion this year.

OpenAI's valuation will reach $300 billion, nearly doubling compared to last October.

According to a report by Bloomberg, OpenAI is about to complete a $40 billion financing led by SoftBank Group, with investors including Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management in talks to participate.

According to data compiled by the research firm PitchBook, this round of financing for the artificial intelligence developer will become the largest round of financing ever. Including the funds raised, this transaction will value the company at $300 billion, nearly double the valuation of $157 billion when funds were raised in October last year.

According to informed sources, as part of the deal, SoftBank will make an initial investment of $7.5 billion in the company, and will also receive an additional $2.5 billion investment from a consortium of investors. Furthermore, there will be a second round of financing later this year amounting to $30 billion, which includes $22.5 billion from SoftBank and $7.5 billion from the consortium.

OpenAI's revenue continues to double and is expected to grow to 12.7 billion dollars this year.

According to insiders, benefiting from the strong growth of paid artificial intelligence software, OpenAI expects its revenue to more than double this year, reaching 12.7 billion dollars. In comparison, OpenAI's annual revenue last year was 3.7 billion dollars. It is expected to grow by more than another double next year, reaching 29.4 billion dollars.

In the more than two years since OpenAI launched the ChatGPT chatbot, it has released a range of subscription products for consumers and businesses. Last September, OpenAI stated that the number of paid users for ChatGPT Enterprise had reached 1 million. Recently, the company introduced a $200 per month ChatGPT Pro option, allowing subscribers to access the latest AI models. OpenAI is also considering charging thousands of dollars per month for certain AI products.

While revenue is soaring, OpenAI is also facing the enormous costs of chips, data centers, and talent required to develop cutting-edge AI systems. The individual stated that OpenAI expects to achieve positive cash flow only by 2029, with projected revenue exceeding $125 billion that year.

OpenAI has also been in negotiations with regulators, hoping to restructure from a nonprofit organization to a more traditional for-profit public benefit company.

This article reports that SoftBank leads a $40 billion funding round, and OpenAI's valuation is expected to reach $300 billion. It first appeared in Chain News ABMedia.