PANews reported on March 27 that according to Bloomberg, OpenAI is close to completing a financing round of up to $40 billion, with a valuation reaching $300 billion, setting a record for the largest financing. The round is led by SoftBank Group, with participants including Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital. SoftBank will invest approximately $30 billion in two phases, with the first phase investing $7.5 billion. This significantly enhances OpenAI's valuation of $157 billion as of October last year.