OpenAI seeks $340 billion valuation financing, doubling from October last year

According to a report by JinShi, the Wall Street Journal cited anonymous sources as saying that OpenAI is in early negotiations for a large-scale financing round, valuing the company at $340 billion, more than double the amount in October last year. This ChatGPT manufacturer is discussing a funding round of up to $40 billion. Previously, there were reports that SoftBank Group is considering investing $15 billion to $25 billion in OpenAI. OpenAI and other top AI companies have committed billions of dollars in data, talent, and physical infrastructure to support the development of more advanced AI systems. In recent days, Chinese AI company DeepSeek has released a competitive model, raising questions about this spending frenzy.