OpenAI is securing up to $40 billion in funding from SoftBank, with the first $10 billion due by mid-April and a conditional $30 billion in December, pending transition to a for-profit structure. The round would nearly double the company's valuation from $157 billion six months prior to $300 billion. A material portion of capital will fund the Stargate infrastructure project, a distributed network of AI data centers with projected cost of $500 billion, developed jointly with Oracle and SoftBank. The funding concentration in infrastructure capex and the structural conditionality on corporate form reveal OpenAI's capital trajectory and risk profile. For financial institutions, this signals both the scale of AI infrastructure investment commitments now in the market and the refinancing risk embedded in future capital-raising if restructuring timelines slip.
335 other tracked developments touching the same claims.