By coinnews 
00:00 Narrator
OpenAI is close to securing $40 billion in a new funding round led by SoftBank Group, that’s according to reporting from Bloomberg. In complete, the funding round would be the largest in history based on data from Pitchbook, and would nearly double OpenAI’s valuation to $300 billion. Investors in this latest round include Peter Thiel’s Founders Fund, Magnatar Capital, Coatue Management, and Altimeter Capital Management as well. For its part, SoftBank will reportedly invest an initial $7.5 billion and more than $22 billion later this year. In comparison, Microsoft has invested roughly $13 billion in the ChatGPT developer.