On April 1st, according to CNBC, OpenAI completed a $40 billion financing round, bringing its post-investment valuation to $300 billion (including new capital).

Based on CB Insights data, this valuation makes OpenAI one of the most highly valued private companies globally, second only to SpaceX at $350 billion, and on par with ByteDance, TikTok's parent company.

This round of financing was led by Japan's SoftBank, with an investment of $30 billion, and received support from other investors, including core investor Microsoft, as well as institutions like Coatue, Altimeter, and Thrive.

OpenAI stated in a blog post that the company plans to use these new funds to "further push the frontiers of AI research" and expand computational infrastructure. According to CNBC, citing sources, approximately $18 billion will be used for OpenAI's commitment to the Stargate project. This project is a joint venture between SoftBank, OpenAI, and Oracle, announced by Trump in January this year.

Sources revealed that the initial investment is $10 billion, with the remaining $30 billion to be in place by the end of 2025. However, this financing round comes with a condition: if OpenAI does not complete its reorganization into a for-profit entity by December 31, 2025, the financing amount could be reduced by up to $10 billion.