ADVERTISEMENT
TechEconomy
Saturday, June 7, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » OpenAI Seeks $40 Billion in New Funding, Eyes $340 Billion Valuation

OpenAI Seeks $40 Billion in New Funding, Eyes $340 Billion Valuation

Joan Aimuengheuwa by Joan Aimuengheuwa
January 31, 2025
in DisruptiveTECH
1
OpenAI Seeks $40 Billion in New Funding, Eyes $340 Billion Valuation
Source: Getty Images

Source: Getty Images

RelatedPosts

Google AI

Google Turning AI into Action: How Data is Saving Lives and Cities in Africa

June 6, 2025

xAI Forecasts $13 Billion in Annual Earnings by 2029

June 6, 2025

OpenAI is reportedly in talks to secure a massive $40 billion investment, which could push its valuation to an estimated $340 billion. 

If the deal goes through, it would more than double the company’s previous valuation of $157 billion, achieved in October 2024.

Sources familiar with the discussions reveal that Japanese investment giant SoftBank is leading the negotiations, with plans to contribute between $15 billion and $25 billion into OpenAI. 

The investment is expected to support OpenAI’s ongoing expansion and financials, particularly its artificial intelligence infrastructure project, Project Stargate.

Project Stargate, a joint effort between OpenAI, SoftBank, and Oracle, aims to build large-scale AI data centres across the United States. The initiative is designed to enhance AI computing infrastructure and ensure OpenAI remains at the top of artificial intelligence development.

Even with the growth, OpenAI has been dealing with financial challenges. Reports disclose the company recorded losses of approximately $5 billion in 2024, against revenues of $3.7 billion. The fresh capital injection could help sustain operations and accelerate research and development efforts.

Meanwhile, competition in the AI industry is increasing. Chinese AI firm DeepSeek has gained attention in the U.S. market, flaring discussions about cost-efficient AI development. OpenAI’s CEO, Sam Altman, acknowledged the competition, stating, “This is a reminder of the level of competition and the need for democratic AI to win.”

If OpenAI successfully secures the funding, it would make the company one of the most valuable AI companies globally.

Loading

Advertisements
MTN ADS

0Shares
Tags: AIDeepSeekOpenAIOpenAI FundingOpenAI ValuationProject StargateSam AltmanSoftBank
Previous Post

Bolt’s Safety Team Launches New Trusted Contacts Safety Feature in Nigeria

Next Post

Samsung Tops GenAI Adoptions on Mobile Phone

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

Google AI
DisruptiveTECH

Google Turning AI into Action: How Data is Saving Lives and Cities in Africa

by Peter Oluka
June 6, 2025
0

In the bustling heart of Kigali, Rwanda, a young mother cradles her newborn, relieved to find a clinic nearby. Across...

Read more
xAI Forecasts $13 Billion in Annual Earnings by 2029

xAI Forecasts $13 Billion in Annual Earnings by 2029

June 6, 2025
OpenAI Appeals Order Forcing Indefinite Storage of User Data in NYT Lawsuit

OpenAI Appeals Order Forcing Indefinite Storage of User Data in NYT Lawsuit

June 6, 2025
Zuckerberg Overtakes Bezos as Meta Shares Surge on New AI Advertising Plans

Zuckerberg Overtakes Bezos as Meta Shares Surge on New AI Advertising Plans

June 3, 2025
Elon Musk’s Neuralink Raises $650 Million as Brain Implant Trials Expand Globally

Elon Musk’s Neuralink Raises $650 Million as Brain Implant Trials Expand Globally

June 3, 2025
Citrix

Uncover Hidden Risks: The Strategic Advantage of Independent Citrix Audits

June 3, 2025
Next Post
Samsung Galaxy S25 Series: 50MP Camera, 40% Faster AI Processing, 7-Year Updates + Pricing - GenAI

Samsung Tops GenAI Adoptions on Mobile Phone

Comments 1

  1. Pingback: OpenAI to Make Super Bowl Advertising Debut with First-Ever TV Commercial

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.