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OpenAI closes $40 billion funding round, largest private tech deal on record

CNBC
Summary
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79% Informative

OpenAI on Monday announced it had closed its $40 billion funding round.

The deal includes $30 billion from SoftBank and $10 billion from a syndicate of investors.

It's nearly three times the amount previously raised by a private tech company.

The valuation puts OpenAI behind only SpaceX at $350 billion and even with TikTok parent ByteDance .

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83

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84

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49

Article tone

formal

Language

English

Language complexity

40

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not offensive

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not hateful

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short-lived

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1

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