"OpenAI Finalises $40 Billion Funding at a $300 Billion Valuation"

" OpenAI Finalises $40 Billion Funding at a $300 Billion Valuation \r\n \r\n\r\nSam Altman, founder-CEO of ChatGPT maker\u00a0 OpenAI , on April 1 announced that the platform saw a record 1 million users in an hour \u2014 all thanks to its Ghibli-style image generation feature. Now, thanks to the user engagement, the artificial intelligence (AI) tech company has said that it has secured $40 billion from investors, in a funding round led by Softbank Group, to double valuation to $300 billion, according to a Bloomberg report.\r\n\r\n \r\n \r\n\r\n\u201cHundreds of millions people use\u00a0 ChatGPT \u00a0each week. This investment helps us push the frontier and make AI more useful in everyday life,\u201d Sam Altman said in a statement on March 31.\r\n\r\n \r\n \r\n\r\nThe report cited Pitchbook, to say that this is the largest such financing round of all-time and almost doubles OpenAI's valuation from $157 billion since its October 2024 fundraise, to $300 billion this year.\r\n\r\n \r\n \r\n\r\n Who is Investing in OpenAI?\u00a0 \r\n\r\nMasayoshi Son's\u00a0 Softbank \u00a0is leading the funding round, with an initial investment of $7.5 billion, and $2.5 billion from an investor syndicate, Bloomberg reported citing a source in the know.\r\n\r\n \r\n \r\n\r\nOther investors in the funding group include Microsoft Corporation, Coatue Management, Altimeter Capital Management, and Thrive Capital, the source, who refused to be identified, stated.\r\n\r\n \r\n \r\n\r\nNotably, an second tranche worth $30 billion will be invested in\u00a0 OpenAI \u00a0by 2025-end, which would include $22.5 billion from SoftBank and $7.5 billion from a syndicate, the same source added.\r\n\r\n OpenAI Sees Popularity Boost Thanks to Ghibli Style Images Rollout \r\n\r\nOpenAI rolled out its native image generation feature to ChatGPT Plus, Pro, and Team users worldwide on March 26; and to free users on April 1. The highlight of this feature is the ability to transform any photo into Studio\u00a0 Ghibli \u00a0style artwork, and drew in millions of impressed users.\r\n \r\n\r\nThe feature is so popular that OpenAI had to add restrictions over image generation for both paid and free users due to excessive demand which was \u201cmelting its GPUs (graphics processing units),\" according to Sam Altman.\r\n \r\n\r\n\u201cIt's super fun seeing people love images in ChatGPT. But our\u00a0 GPUs \u00a0are melting. We are going to temporarily introduce some rate limits while we work on making it more efficient. hopefully won't be long!\u201d he said on X.\r\n\r\n \r\n \r\n \r\n "

"OpenAI Finalises $40 Billion Funding at a $300 Billion Valuation"

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