OPENAI IN TALKS FOR HUGE INVESTMENT ROUND VALUING IT UP TO $300 BILLION

Summary from the TLDR newsletter

OpenAI is in early talks to raise up to $40 billion in a funding round led by SoftBank. SoftBank, which will invest between $15 billion to $25 billion, is helping assemble investors for the rest of the round. The round would value OpenAI as high as $300 billion - the AI startup was last valued at $157 billion in October. The funding will be used to help OpenAI fulfill its roughly $18 billion commitment to the Stargate project, which will construct new data centers in the US to power OpenAI's technology.