Sam Altman’s OpenAI has raised $40 billion in a funding round led by investment giant SoftBank as it looks to stave off competition like Elon Musk’s xAI and China-based DeepSeek.

The firm has raised $40 billion, one of the largest ever funding rounds secured by a private start-up. View on euronews

SoftBank would provide 75 per cent of the funding, according to a person familiar with the matter, with the remainder coming from Microsoft, Coatue Management, Altimeter Capital and Thrive Capital

SoftBank considers $16.5B loan for US AI ambitions, may help lead $40B funding round in OpenAI, valuing it at $300B. Japan's AI project also continues.

SoftBank Group Corp. is seeking a loan of as much as $16.5 billion to help fund artificial intelligence investments in the US, according to people familiar with the matter, in what would be the tech investor’s largest-ever facility denominated solely in dollars.

SoftBank Group (SFTBY) (SFTBF) is reportedly in talks to secure a loan of up to $16.5 billion to support its growing investments in AI across the U.S.

Unemployment Rate for Feb in Mexico is 2.5%, lower than the previous value of 2.7%. The forecast was 2.6%.

SoftBank said in a statement that it has agreed to fund OpenAI with $10 billion in mid-April & an additional $30 billion in December.