OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from SoftBank Group Corp. and other investors at a $300 billion ...

The start-up’s valuation, which has nearly doubled in six months, shows continued enthusiasm for A.I. among investors. By Cade Metz Reporting from New York OpenAI said on Monday that it had ...

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SoftBank would provide 75 per cent of the funding, according to a person familiar with the matter, with the remainder coming from Microsoft, Coatue Management, Altimeter Capital and Thrive Capital.

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Coatue Management, the "Tiger cub" hedge fund headed by Philippe Laffont, is returning $2bn of its $7bn flagship fund to investors, after suffering heavy losses in the rout of technology stocks. The ...