OpenAI in talks to raise funding that would value AI startup at up to $340 billion

OpenAI is in talks to raise up to $40 billion in funding, with SoftBank leading the round with $15-25 billion, potentially valuing the company at $340 billion. The funding may be used for the Stargate joint venture and to compete with other AI giants. DeepSeek, a Chinese startup, is emerging as a competitor to OpenAI with its cost-effective AI model.

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