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OpenAI is set to complete a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just four months ago. The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, according to three people with knowledge of the deal who spoke on the condition of anonymity. The deal…
OpenAI, the San Francisco artificial intelligence company that has been on a yearslong money-raising frenzy, is in talks with the Japanese conglomerate SoftBank for an investment up to $25 billion, according to three people familiar with the negotiations. Some of that money could be used to cover OpenAI’s commitment to Stargate, the $100 billion data…
The sell-off that hit the biggest technology companies in the United States at the start of the week abated on Tuesday, with some of the hardest-hit shares finding their feet. Shares in tech companies, especially those propelled by the profit-making potential of artificial intelligence, fell on Monday after the Chinese A.I. company DeepSeek said it…
Elon Musk is casting doubt on the first major tech investment announcement made by President Trump, openly questioning the administration he now serves. On Tuesday, Mr. Trump announced a joint venture between OpenAI, SoftBank and Oracle to create at least $100 billion in computing infrastructure to power artificial intelligence, some of which is already underway….
