OpenAI Nears Completion of Record-Breaking $40 Billion Funding Round – IT Voice | IT in Depth

/
1 min read

OpenAI Nears Completion of Record-Breaking $40 Billion Funding Round

OpenAI is reportedly on the verge of finalizing the largest funding round in history, valued at $40 billion the round is being led by Japanese conglomerate SoftBank, with several venture capital firms in discussions to participate.

The latest funding round, which surpasses all previous records as per PitchBook data, would push OpenAI’s valuation to $300 billion—nearly double the $157 billion it reached in its October 2023 round.

OpenAI’s Growth and Future Projections

A source cited by Bloomberg revealed that OpenAI generated $3.7 billion in revenue last year, with expectations to reach $29.4 billion in 2025. However, the company does not anticipate being cash-flow positive until 2029, when revenues are projected to exceed $125 billion.

Part of the newly raised capital will go toward OpenAI’s ambitious Stargate AI infrastructure project, a $500 billion initiative aimed at developing cutting-edge AI data centers in the U.S. Stargate’s funding partners include SoftBank, Oracle, and MGX, a Dubai-based AI-focused sovereign wealth fund.

OpenAI’s Global Expansion & Enterprise AI Push

Beyond the Stargate project, OpenAI and SoftBank have also announced a joint venture focused on delivering enterprise AI solutions to major corporations in Japan.

Meanwhile, CFOs and finance leaders are exploring how AI can transform business operations, particularly in accounts payable (AP) and financial automation. Alex Hoffmann, General Manager for North America at Edenred Pay, highlighted that while automation has been a long-discussed goal, 84% of AP practitioners’ time is still spent on manual tasks. However, he believes that AI, ERP integration, and digital payments—including real-time payments and virtual cards—are opening up new opportunities for financial leaders.

As OpenAI secures record-breaking funding, its continued focus on AI infrastructure, enterprise solutions, and global expansion signals a transformative shift in the artificial intelligence landscape.

Leave a Reply

Your email address will not be published.

Limited-Time Updates! Stay Ahead with Our Exclusive Newsletters.