OpenAI to raise $40 bn in funding round led by SoftBank for AI research

Quick Summary:

Enterprises have integrated AI solutions to streamline their operations and enhance customer experiences, while venture capital firms compete to back promising AI startups.

OpenAI said it looks to deliver increasingly powerful tools for the 500 million people who use ChatGPT every week.

Microsoft-backed OpenAI also plans to revamp its structure, saying it would create a public benefit corporation to attract more investment and resources while balancing shareholder interests with public benefits.

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Category: BusinessFinance

Markets: IndiaChinaJapan

Topics: Soft Bank group Soft Bank Funding ChatGPT Funding round OpenAI

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 07:42:16 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 27503474

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