OpenAI is currently in discussions to raise up to $40 billion in a new funding round, which could value the company at $340 billion.

These discussions are still in flux, meaning that the funding could potentially fall through.

SoftBank Group is negotiating to lead this funding round, aiming to value OpenAI at approximately $300 billion.

If successful, OpenAI would become the most valuable private company globally, surpassing ByteDance's valuation of $220 billion.

SoftBank's potential commitment to OpenAI could reach between $15 billion and $25 billion, with some funds possibly allocated to the Stargate joint venture.

The funding round is contingent on OpenAI restructuring its operations to limit the control of its non-profit arm.

SoftBank CEO Masayoshi Son has about $30 billion available for investment, indicating strong financial backing for this deal.

OpenAI's valuation has surged due to the popularity of its AI model, ChatGPT, amidst increasing investments from competitors like Microsoft and Meta.

OpenAI has quadrupled its value from 2023 to 2024, projecting $3.7 billion in annual sales for 2024.

This potential funding round would set a record for private company investments.

OpenAI is also involved in Project Stargate, an initiative aimed at creating AI data centers and jobs across the U.S.

The company generated $300 million in monthly revenue as of August 2024, reflecting its strong financial performance.