OpenAI seeks $40bn in funding at $340bn valuation, including from Stargate-backer SoftBank
Should OpenAI raise the $40bn, it would be a record single funding round for a private company, vaulting its valuation beyond that of TikTok owner ByteDance, and only $10bn behind SpaceX. This is even though the release of a cheaper Chinese model from DeepSeek caused tech stocks to stumble on fears that high AI investments would be undercut.