Microsoft (MSFT)-backed OpenAI is close to completing a $40B funding round that would value the company at $300B, Bloomberg’s Kate Clark, Katie Roof, Gillian Tan, and Shirin Ghaffary report, citing people familiar with the matter. Softbank (SFTBY) led round includes Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital as investors, the report states, also noting that the round’s implied valuation is up from $157B when the company last raised funds in October.
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