Topics
Latest
AI
Amazon
Image Credits:Kim Jae-Hwan/SOPA Images/LightRocket / Getty Images
Apps
Biotech & Health
Climate
Image Credits:Kim Jae-Hwan/SOPA Images/LightRocket / Getty Images
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
fundraise
Gadgets
Gaming
Government & Policy
Hardware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
societal
Space
inauguration
TikTok
Transportation
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
While you ’re busyGhibli - fying your imageswith ChatGPT ’s Modern image - generation capableness , OpenAI is out raising a ton more cash . The fellowship is penny-pinching to settle a newfangled $ 40 billion financing round of golf take by SoftBank , according toa report from Bloomberg .
The study noted that other monetary fund , including the hedge fund Magnetar Capital , Coatue Management , Founders Fund , and Altimeter Capital Management , are also in word with OpenAI to participate in the round , with Magnetar potentially place in $ 1 billion .
Bloomberg said SoftBank will ab initio put in $ 7.5 billion , with an additional $ 2.5 billion come from an investor syndicate . The study added that a 2nd tranche is expected this year , wherein the Nipponese conglomerate will invest another $ 22.5 billion , and $ 7.5 billion more will be syndicated .
OpenAI last raiseda $ 6.6 billion round contribute by Thrive Capital in October 2024 at a $ 157 billion valuation . Bloomberg ’s previous report said the new mega - round will take the caller to a monumental $ 300 billion evaluation .
