OpenAI is close to completing a $40 billion round led by SoftBank, with a valuation of $300 billion

According to Bloomberg, OpenAI is close to completing a round of financing of up to $40 billion, with a valuation of $300 billion, setting a record for the largest financing in history. The round of financing was led by SoftBank Group, and other participants included Magnetar Capital, Coatue Management, Founders Fund and Altimeter Capital. SoftBank will invest a total of approximately $30 billion in two phases, with an investment of $7.5 billion in the first phase. This move has significantly increased the basis of OpenAI's valuation of $157 billion in October last year.