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OpenAI is stated to be in discussions of raising $40B at a $340B valuation

According to the report of the Wall Street Journal Open AI may have billions of dollars in the bank. Now it’s generating and raising more assets.  As per the report of WSJh, open AI is in talks for securing up to $40 billion as funding that round sum would value the startup at $340 billion. The Softbank would go to lead the round and pour between  $15 billion to $25 billion into the ChatGPT maker.

Open AI successfully loses the round and it’s undoubtedly the most remarkable feat for any startup. That was valued at $157 billion in October. The WSJ says Open AI would use the capital to fund the money-losing business operation and fulfill the commitment to strategies. This is an ambitious project for building AI data centers across the US.

 Open AI reportedly lost around $5 billion against revenue of $3.7 billion. That loses the mount and conjunctions with the partners including SoftBank and Open AI aiming to contribute billions of dollars to the starting stage.

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Avijit Sah

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