The first days of the second Trump administration offered the newly elected president a chance to share the spotlight with some of his most important allies. While some of the featured leaders were ones you’d expect—cabinet nominees,

SoftBank which is leading the deal will initially be investing $7.5 billion in the company along with $2.5 billion from an investor syndicate.

SoftBank Group has agreed to lead a funding of up to $40 billion in a for-profit subsidiary of OpenAI, valuing the ChatGPT maker at $300 billion.

In a move that surprised the tech industry Monday, OpenAI said it has secured a monumental $40 billion funding round led by SoftBank, catapulting its valuation to an unprecedented $300 billion -- making it the largest private equity investment on record.

OpenAI on Monday announced the close of its $40 billion financing, the most money raised in a single round by a private tech company.

OpenAI announced a $40B new funding round which values the company at $300B. "We’re excited to be working in partnership with SoftBank Group (OTCPK:SFTBY) (OTCPK:SFTBF) — few companies understand how to scale transformative technology like they do,