OpenAI in Talks for New Funding at Up to $300 Billion Value

OpenAI is in talks to raise as much as $40 billion in a funding round led by SoftBank Group Corp., according to people familiar with the matter.

The ChatGPT maker is in discussions to raise funds at a pre-money valuation of $260 billion, said one of the people, who spoke on condition of anonymity to discuss private information. The post-money valuation would be $300 billion, assuming OpenAI raises the full amount. The company was valued at $157 billion in October.