PYMNTS.com March 27, 2025
OpenAI is reportedly close to finalizing what would be the largest funding round of all time.
That $40 billion round is being led by Japanese conglomerate SoftBank, with other venture capital groups in talks to participate, Bloomberg News reported Wednesday (March 26), citing sources familiar with the matter.
The funding round — the largest ever, per PitchBook data — would value OpenAI at $300 billion. That’s nearly twice the $157 valuation the company achieved with an October funding round.
One source told Bloomberg that OpenAI generated $3.7 billion in revenue last year, and expects sales to reach $29.4 billion next year. However, this person added that the company does not expect to be cash-flow positive until 2029, when revenues are...
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