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OpenAI Close to Deal that Values Company at $300 Billion

Source: New York Times

OpenAI is set to complete a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just four months ago.The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, according to three people with knowledge of the deal who spoke on the condition of anonymity. The deal would make OpenAI one of the most valuable private companies in the…

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Read the original source at New York Times