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Sources: SoftBank is set to invest $40B in OpenAI at a $260B pre-money valuation; investors last valued OpenAI at $157B, when it raised $6.6B in October 2024

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  • @glinden Greg Linden on bluesky
    Another recent example: OpenAI running low on cash on losses and low revenue, struggling with poor model reliability, and seeing strong competition from free open source models.  Yet it gets a $40B cash infusion that will keep it alive (at bubble-level valuation) for a while.  — …