Open AI is worth $340 billion

OpenAI is reportedly in early talks to secure up to $40 billion in new funding, which could double its valuation, from $157 billion to $340 billion, making it the second-most valuable private company behind SpaceX.

SoftBank is expected to invest up to $25 billion and is in discussions with other investors to join the round. This follows a $6.6 billion valuation boost only four months ago, highlighting the massive investor interest in AI.

This is positive for the AI sector which was rattled by the turbulence from the DeepSeek saga. OpenAI's progress shows that investor confidence is still strong with long-term growth prospects remaining very attractive.