Sources: OpenAI is in early talks to raise up to $40B at a $340B valuation; the startup was last valued at $157B in October, when it raised $6.6B
I'm old enough to remember when $6.6B was an unheard of amount of money for a startup to be raising. Bluesky: Ed Zitron / @edzitron.com : I LOVE Masayoshi Son. The entire generative AI market is potentially collapsing and he's screaming “BET IT ALL ON RED” [embedded post] @trappercreek : Market cap couldn't possibly grow faster than Sam Altman's ego, could it? @timothydardar : No thanks, I'll take the free version from China [embedded post] @transylvaniantwist : Imagine what that money could do if invested in childhood education. Or subsidizing childcare? Or career training programs for non-college grads. Klendathu Baraka Nickatnite / @jcl68nyr : Even after deepseek? Huh X: Hiroo Onoda / @onodacapital : $25B at $340B post [image] Gary Marcus / @garymarcus : Warning: Masa's proposed doubling of OpenAI funding seems to me like an effort at building a monopoly that will stifle innovation elsewhere. That may ultimately further erode the US lead in AI, if he is betting on the wrong horse, and more innovative startups are priced out of Tae Kim / @firstadopter : The funniest irony is primary reason Masa has the financial wherewithal to invest in Stargate/OpenAI, funding these massive GPU clusters, is global regulators blocked his deal to sell Arm to Nvidia on the cheap. Otherwise, the upside ($100 billion+) would have accrued to Nvidia. @buccocapital : OpenAI = $340B Salesforce = $330B I'm sure Benioff will handle the news just fine [image] Gary Marcus / @garymarcus : WeWork was a bargain! @wholemarsblog : but but deepseek... @tmnxeq : OpenAI targeting a casual $40bn fundraise, more than doubling it's valuation since last Oct 🤡 Jacob Silverman / @silvermanjacob : Just got shown up by DeepSeek for a fraction of the cost but the answer is more money, more compute, and allying with Trump. Forums: r/singularity : OpenAI in Talks for Huge Investment Round Valuing It Up to $340 Billion | SoftBank would lead $40 billion round for the ChatGPT maker, some of which would go to Stargate AI infrastructure venture
Warning: Masa's proposed doubling of OpenAI funding seems to me like an effort at building a monopoly that will stifle innovation elsewhere. That may ultimately further erode the US lead in AI, if he is betting on the wrong horse, and more innovative startups are priced out of
The funniest irony is primary reason Masa has the financial wherewithal to invest in Stargate/OpenAI, funding these massive GPU clusters, is global regulators blocked his deal to sell Arm to Nvidia on the cheap. Otherwise, the upside ($100 billion+) would have accrued to Nvidia.
OpenAI in Talks for Huge Investment Round Valuing It Up to $340 Billion | SoftBank would lead $40 billion round for the ChatGPT maker, some of which would go to Stargate AI infrastructure venture