OpenAI raises $40bn in deal with SoftBank that values it at $300bn

OpenAI has raised $40bn (£31bn) through fundraising led by the Japanese group SoftBank, in a deal that values the ChatGPT developer at $300bn. OpenAI said the funding round would allow the company to “push the frontiers of AI research even further”. It added that SoftBank’s support would “pave the way” towards AGI, or artificial general intelligence, the term for AI systems that can match or exceed humans at nearly all cognitive tasks. “Hundreds of millions people use ChatGPT each week,” said the OpenAI chief executive, Sam Altman. “This investment helps us push the frontier and make AI more useful in

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