OpenAI Raises $40B for $300B AI
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OpenAI closes $40 billion funding round, largest private tech deal on record
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OpenAI on Monday announced it had closed its $40 billion funding round.
The deal includes $30 billion from SoftBank and $10 billion from a syndicate of investors.
It's nearly three times the amount previously raised by a private tech company.
The valuation puts OpenAI behind only SpaceX at $350 billion and even with TikTok parent ByteDance .