According to a ChainCatcher report citing CNBC, the artificial intelligence company OpenAI has announced the completion of a $40 billion financing round, setting a record for the largest private tech company funding. This round of financing values OpenAI at $300 billion (including new capital).

SoftBank led with $30 billion, with other investors including core investor Microsoft, as well as Coatue, Altimeter, and Thrive. OpenAI plans to use approximately $18 billion for the Stargate project in collaboration with SoftBank and Oracle. Notably, if OpenAI fails to transform into a for-profit entity by December 31, 2025, the financing amount may be reduced by $10 billion. Currently, ChatGPT has 500 million weekly active users, and OpenAI expects its revenue to grow to $12.7 billion by the end of 2025.