OpenAI has raised up to $40 billion in new funding from investors led by SoftBank Group, valuing the ChatGPT maker at $300 billion.

Sam Altman’s OpenAI has raised $40 billion in a new funding round led by investment giant SoftBank as it looks to stave off rivals like Elon Musk’s xAI and China-based DeepSeek. The ChatGPT maker secured a $300 billion post-money valuation with the round,

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.