PANews on January 31 reported that according to a report by Gold Ten, the Wall Street Journal cited unnamed sources saying that OpenAI is in early negotiations for a major fundraising round, with the company's valuation at $340 billion, more than double the figure from last October. The maker of ChatGPT is discussing a round of up to $40 billion. Previous reports have said that SoftBank Group is considering investing $15 billion to $25 billion in OpenAI. OpenAI and other top AI companies have pledged billions of dollars to invest in data, talent, and physical infrastructure to support the development of more advanced AI systems. In recent days, the Chinese AI company DeepSeek has released a competitive model, which has raised questions about this spending frenzy.
