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Sam Altman’s OpenAI has raised $40 billion in a new funding round led by investment giant SoftBank as it looks to stave off rivals like Elon Musk’s xAI and China-based DeepSeek. The ChatGPT ...

(Reuters) San Francisco-based AI powerhouse OpenAI announced on Monday that it will raise $40 billion in a fresh funding round led by SoftBank Group, valuing the company at a staggering $300 billion.