OpenAI is looking to close a $40 billion fundraising round that would value the company at $340bn - more than doubling its value since October, despite DeepSeek concerns.

The deal would be led by SoftBank, with Masayoshi Son's company looking to invest between $15bn and $25bn, which would make it the largest investor in the company by dollar amount. With Microsoft having invested less, but earlier, it may still have a bigger equity stake.

SoftBank is currently looking to woo investment firms Apollo Global and Brookfield for further Stargate funding, Nikkei reports.

The Japanese telco and tech conglomerate continues to invest heavily in AI companies, despite its roughly $140bn debt burden.

Proceed here to read the full article (source): Data Center Dynamics