OpenAI will reportedly close its SoftBank-led $40 billion round soon

While you’re busy Ghibli-fying your images with ChatGPT’s new image-generation capabilities, OpenAI is out raising a ton more cash. The company is close to finalizing a new $40 billion funding round led by SoftBank, according to a report from Bloomberg.

The report noted that other funds, including the hedge fund Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management, are also in discussions with OpenAI to participate in the round, with Magnetar potentially putting in $1 billion.

Bloomberg said SoftBank will…