OpenAI Closes Deal That Values Company at $300 Billion

OpenAI completed a $40 billion fund-raising deal led by SoftBank, bringing its valuation to $300 billion, making it one of the most valuable private companies globally. The investment aims to advance A.I. technologies, with ChatGPT now used by 500 million people weekly. Plans to transition to a public benefit corporation face obstacles, including a rejected bid by Elon Musk to buy OpenAI’s assets for $97 billion.

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