Openai is seeking additional capital from investors as part of the $40 billion round

Openai wants The two, familiar with capital from new and existing investors, the company’s plans, told Wired. The fundraiser is part of a $40 billion round announced in March. The round will resume on Monday, July 28th, according to one of the sources with first-hand knowledge of fundraisers.

$40 billion round It was announced earlier this year Openai’s rating has led to up to $300 billion, making it one of the most highly regarded private startups in history. The round, led by Japan’s investment conglomerate SoftBank, has pledged to donate 75% of its total funds. The first tranche was $10 billion, $7.5 billion from SoftBank and another $2.5 billion from other investors’ syndicates. Openai currently raises its final $30 billion, raising $22.5 from SoftBank and $7.5 from other investors’ syndicates.

Softbank’s Commitment It could be innovative If Openai is not rebuilt by the end of the year, it has confirmed to $10 billion.

Openai declined to comment on the record.

According to Pitchbook, Openai has raised a total of $639.2 billion since the company was founded in 2015. Its supporters include a wide range of institutions and private investors, including Microsoft, Andreessen Horowitz, Sequoia Capital, Founders Fund, Thrive Capital, Coatue Management, Nvidia and Reid Hoffman. The relationship between Microsoft and Openai is closely intertwined, with Microsoft providing Openai with a large amount of cloud computing resources and Openai providing exclusive access to Microsoft’s best models, but it has recently been reported that they have a relationship. complications.

Openai is partnering with SoftBank on a four-year AI data center project with over $500 billion in investment. Wall Street Journal It was reported earlier this week The two entities are at odds over certain aspects of the partnership, including where the data center is built, and Openai CEO Sam Altman has made the move to sign data center transactions lined up at Stargate without Japanese companies.

Softbank declined to comment on the record.

Openai’s company structure was also a point of competition, ranking Elon Musk. Elon Musk helped set up the lab on a mission to protect humanity against artificial general information or AGI. After Musk left the company’s board in early 2018, Openai created a for-profit division. last year Mask appealed for the opening As it is said to have abandoned its original mission, the company said “not only is it improving its AGI to maximize Microsoft’s profits, not for the benefit of humanity.”

May, Openai A new structure has been proposed This has led nonprofits to maintain control of the company and transform current for-profits into public benefits companies. The new nonprofit holds shares in PBC, which in theory is designed to pursue projects with clear public interest while prioritizing shareholder returns. Softbank’s investment in Openai is subject to this new structure approved by California Attorney General and Delaware by early next year.

Additional reports by Kylie Robison and Zoe Schiffer.