OpenAI Seeks Additional Capital From Investors as Part of Its 40 Billion Round

OpenAI is seeking capital from new and existing investors, two people familiar with the company's plans tell WIRED. The fundraising effort is part of a 40 billion round announced in March. The round will reopen on Monday, July 28, according to one of the sources, who has direct knowledge of the fundraising effort. The 40 billion round announced earlier this year brought OpenAI's valuation up to 300 billion, making it one of the most highly valued private startups in history. The round was led by Japanese investment conglomerate SoftBank, which committed to contributing 75 percent of the total funding.