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Kylie Robison
OpenAI targets a $340 billion valuation.

The ChatGPT-maker is reportedly looking to raise up to $40 billion in funding at a $340 billion valuation. SoftBank would lead the round and invest up to $25 billion.

SoftBank also announced last week it would be investing in a $500 billion datacenter project with OpenAI called Stargate. Its been reported that OpenAI and SoftBank will each invest $19 billion in that project. SoftBank tends to fund with debt — it already carries $150 billion on its books.

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