Sam Altman’s OpenAI has raised $40 billion in a funding round led by investment giant SoftBank as it looks to stave off competition like Elon Musk’s xAI and China-based DeepSeek.

OpenAI said on Monday it would raise up to $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools.

The firm has raised $40 billion, one of the largest ever funding rounds secured by a private start-up. View on euronews