SAN FRANCISCO: OpenAI, the maker of ChatGPT, is seeking to raise US$40 billion in a fresh round of funding that would value the startup at a staggering US$340 billion, the Wall Street Journal reported on Thursday (Jan 30).
Japan’s SoftBank is leading the investment round and is in talks to invest US$15 billion to US$25 billion in the deal that would make it the ChatGPT-maker’s biggest financial backer.
The reports came after Chinese startup DeepSeek sparked panic this week with a powerful new chatbot developed at a fraction of the cost of its US competitors, dealing a blow to markets.
The SoftBank investment was first reported by the Financial Times.
The investment plan comes just three months after OpenAI closed its previous funding round that valued the company at US$157 billion.
Doubling its valuation would be unprecedented in Silicon Valley history and signals the vast sums needed to build world-leading AI models from scratch, much of it on cutting-edge computing and infrastructure.
SoftBank and OpenAI are part of the Stargate drive announced by US President Donald Trump to invest up to US$500 billion in artificial intelligence infrastructure in the United States.
The new funds would partly go to help OpenAI fulfill its roughly US$18 billion commitment to Stargate, the Journal said.
The Japanese firm’s mooted investment would come on top of its commitment of more than US$15 billion to Stargate, the FT said, citing people with direct knowledge of the negotiations.
“Ultimately, the Japanese company could spend more than US$40b on its partnership with OpenAI,” the report said.
SoftBank was not immediately available for comment when contacted by AFP. OpenAI did not immediately respond to a request for comment.
