PYMNTS.com March 28, 2025
This week in AI saw mega-fundraising as well as states shifting their regulations to focus more on growth than risk mitigation. Meanwhile, financial service firms remain cautious on agentic AI as Google introduces its most power model yet: Gemini 2.5. Here’s what happened.
OpenAI Snags Record $40 Billion Funding Round
OpenAI is reportedly close to finalizing an all-time record funding round of $40 billion, according to Bloomberg News.
The round is being led by Japanese investment giant SoftBank and is the largest on record, according to data from Pitchbook. It would value OpenAI at $300 billion, double its last valuation from October 2024.
OpenAI recorded $3.7 billion in revenue for 2024 and expects top line to hit $12.7 billion in...
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